Intuitive Machines (NASDAQ:LUNR) Earns “Buy” Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report issued on Wednesday, Benzinga reports. They currently have a $10.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Benchmark reiterated a buy rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, August 14th. B. Riley started coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They set a buy rating and a $8.00 price target for the company. Finally, Cantor Fitzgerald restated an overweight rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $10.60.

Intuitive Machines Trading Down 1.4 %

NASDAQ:LUNR opened at $9.15 on Wednesday. The company has a 50-day moving average price of $4.81 and a 200-day moving average price of $4.93. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 22.32 and a beta of 0.26. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. Equities analysts forecast that Intuitive Machines will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen J. Altemus sold 250,000 shares of Intuitive Machines stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $9.01, for a total value of $2,252,500.00. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $8,207,380.19. The disclosure for this sale can be found here. Insiders have sold a total of 3,039,827 shares of company stock worth $20,042,765 in the last quarter. Corporate insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of LUNR. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $35,000. Sender Co & Partners Inc. bought a new position in Intuitive Machines in the second quarter worth approximately $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines in the first quarter worth approximately $67,000. Rhumbline Advisers purchased a new position in shares of Intuitive Machines during the 2nd quarter worth $119,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $119,000. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.