Intuitive Machines (NASDAQ:LUNR) Given New $12.00 Price Target at B. Riley

Intuitive Machines (NASDAQ:LUNR) had its price target lifted by B. Riley from $8.00 to $12.00 in a research note published on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other brokerages have also issued reports on LUNR. Roth Mkm reiterated a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Benchmark reiterated a buy rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Cantor Fitzgerald reissued an overweight rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five 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 a consensus target price of $10.60.

Intuitive Machines Stock Down 1.4 %

Intuitive Machines stock opened at $9.15 on Thursday. The company has a market capitalization of $1.14 billion, a PE 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. The firm’s fifty day moving average is $4.81 and its 200 day moving average is $4.93.

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 company had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. Sell-side analysts expect that Intuitive Machines will post 0.47 EPS for the current fiscal year.

Insider Activity

In related news, CEO Stephen J. Altemus sold 250,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the completion of the sale, the chief executive officer now owns 910,919 shares in the company, valued at $8,207,380.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Intuitive Machines news, Director Michael Blitzer sold 662,673 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $8.19, for a total value of $5,427,291.87. Following the completion of the sale, the director now directly owns 1,062,865 shares of the company’s stock, valued at approximately $8,704,864.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen J. Altemus sold 250,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $9.01, for a total transaction 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 approximately $8,207,380.19. The disclosure for this sale can be found here. Insiders have sold 3,039,827 shares of company stock worth $20,042,765 over the last 90 days. 73.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors have recently modified their holdings of the business. Inscription Capital LLC bought a new stake in Intuitive Machines during the first quarter worth $304,000. Tealwood Asset Management Inc. bought a new stake in shares of Intuitive Machines during the 1st quarter worth $131,000. Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines in the 1st quarter worth about $119,000. Deuterium Capital Management LLC bought a new position in Intuitive Machines during the first quarter valued at about $125,000. Finally, Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines during the first quarter worth about $67,000. 72.21% of the stock is owned by 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.