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

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating restated by Roth Mkm in a report released on Wednesday, Benzinga reports. They presently have a $10.00 price objective on the stock. Roth Mkm’s price objective would indicate a potential upside of 85.19% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, August 14th. B. Riley began coverage on shares of Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.80.

Intuitive Machines Stock Down 5.6 %

LUNR stock opened at $5.40 on Wednesday. The company has a market capitalization of $673.01 million, a P/E ratio of 13.17 and a beta of 0.26. The company has a 50-day simple moving average of $4.54 and a 200 day simple moving average of $4.86. Intuitive Machines has a fifty-two week low of $2.09 and a fifty-two week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share 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 analyst estimates of $43.00 million. Equities analysts anticipate that Intuitive Machines will post 0.47 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,827,154 shares of company stock valued at $9,893,973. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently bought and sold shares of LUNR. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $35,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $56,000. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Intuitive Machines in the 1st quarter valued at about $67,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $119,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines in the 1st quarter valued at about $119,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.