Intuitive Machines’ (LUNR) “Buy” Rating Reiterated at Benchmark

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research note issued on Wednesday, Benzinga reports. They presently have a $10.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 7.76% from the stock’s previous close.

Several other equities research analysts have also commented on the company. B. Riley initiated coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 9th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Stock Up 24.2 %

Intuitive Machines stock opened at $9.28 on Wednesday. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The company has a market cap of $1.16 billion, a P/E ratio of 22.63 and a beta of 0.26. The business has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $4.91.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. Research analysts anticipate that Intuitive Machines will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the transaction, the director now directly owns 3,551,606 shares in the company, valued at $21,593,764.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, SVP Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $2,195,000.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the completion of the sale, the director now owns 3,551,606 shares in the company, valued at approximately $21,593,764.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,827,154 shares of company stock worth $9,893,973. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LUNR. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines in the second quarter worth about $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines in the 1st quarter worth approximately $67,000. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines during the 2nd quarter worth approximately $56,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $119,000. Finally, Deuterium Capital Management LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $125,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

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.