Intuitive Machines (NASDAQ:LUNR) Trading Down 2.5%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price fell 2.5% during trading on Friday . The stock traded as low as $5.07 and last traded at $5.11. 508,333 shares were traded during trading, a decline of 94% from the average session volume of 9,133,156 shares. The stock had previously closed at $5.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and issued a $15.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Cantor Fitzgerald decreased their target price on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Stock Down 3.1 %

The stock has a market cap of $619.71 million, a PE ratio of 2.06 and a beta of 0.23. The stock has a 50-day moving average of $5.93 and a 200 day moving average of $4.02.

Insider Buying and Selling

In related news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the transaction, the insider now owns 1,302,673 shares in the company, valued at $11,711,030.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 78.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hemington Wealth Management acquired a new stake in Intuitive Machines during the fourth quarter worth $26,000. Cypress Financial Planning LLC acquired a new stake in Intuitive Machines during the third quarter worth $39,000. Virtu Financial LLC acquired a new stake in Intuitive Machines during the fourth quarter worth $81,000. State Street Corp acquired a new stake in Intuitive Machines during the second quarter worth $111,000. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines in the first quarter valued at $119,000. Institutional investors and hedge funds 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.