Intuitive Machines (NASDAQ:LUNR) Hits New 12-Month High – Still a Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) hit a new 52-week high on Wednesday . The company traded as high as $22.98 and last traded at $22.94, with a volume of 28545846 shares. The stock had previously closed at $18.51.

Analysts Set New Price Targets

Several research firms have recently issued reports on LUNR. Cantor Fitzgerald upped their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.80.

Intuitive Machines Stock Performance

The company has a market cap of $3.22 billion, a price-to-earnings ratio of -7.80 and a beta of 0.90. The company’s fifty day moving average is $15.28 and its two-hundred day moving average is $9.28.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $52,561,310.72. This trade represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $4,390,001. This represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,609,820 shares of company stock worth $21,709,343 over the last 90 days. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in the company. Tealwood Asset Management Inc. boosted its stake in shares of Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after acquiring an additional 900 shares in the last quarter. SG Americas Securities LLC raised its holdings in Intuitive Machines by 55.7% in the 4th quarter. SG Americas Securities LLC now owns 18,046 shares of the company’s stock worth $328,000 after purchasing an additional 6,454 shares during the period. State Street Corp boosted its position in Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company’s stock worth $4,637,000 after purchasing an additional 7,538 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the third quarter valued at approximately $83,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines in the third quarter valued at approximately $85,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.