Intuitive Machines (NASDAQ:LUNR) Stock Rating Reaffirmed by Roth Mkm

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating restated by research analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They presently have a $10.00 price target on the stock. Roth Mkm’s price target points to a potential upside of 7.76% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 9th. B. Riley initiated coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $10.60.

Intuitive Machines Price Performance

LUNR opened at $9.28 on Wednesday. Intuitive Machines has a 1-year low of $2.09 and a 1-year high of $13.25. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 22.63 and a beta of 0.26. The business has a 50 day moving average price of $4.71 and a two-hundred day moving average price of $4.91.

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

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at approximately $21,593,764.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of 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 through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,827,154 shares of company stock worth $9,893,973. 73.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

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

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.