Intuitive Machines (NASDAQ:LUNR) Shares Up 3.9%

Intuitive Machines, Inc. (NASDAQ:LUNR) traded up 3.9% on Thursday . The stock traded as high as $5.66 and last traded at $5.59. 1,203,882 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 6,155,726 shares. The stock had previously closed at $5.38.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, August 14th. Roth Mkm reduced their price target on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. 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 objective for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $9.80.

Intuitive Machines Stock Performance

The stock has a market capitalization of $653.07 million, a P/E ratio of 12.78 and a beta of 0.21. The business has a 50-day moving average price of $3.97 and a 200 day moving average price of $5.01.

Insider Transactions at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 125,577 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.02, for a total transaction of $504,819.54. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 125,577 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.02, for a total transaction of $504,819.54. Following the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 607,050 shares of company stock valued at $2,508,917. Insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Intuitive Machines during the second quarter valued at approximately $536,000. Bank of New York Mellon Corp bought a new position in Intuitive Machines in the second quarter worth approximately $272,000. Sanders Morris Harris LLC boosted its stake in shares of Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after acquiring an additional 50,600 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $164,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.