Intuitive Machines Target of Unusually Large Options Trading (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of unusually large options trading on Thursday. Investors acquired 40,760 call options on the company. This is an increase of approximately 77% compared to the typical daily volume of 23,053 call options.

Insider Transactions at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 161,016 shares of company stock valued at $1,997,001 in the last 90 days. 39.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in shares of Intuitive Machines by 7.8% during the second quarter. Osaic Holdings Inc. now owns 32,848 shares of the company’s stock valued at $357,000 after purchasing an additional 2,367 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in Intuitive Machines by 37.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 355,767 shares of the company’s stock worth $3,864,000 after purchasing an additional 96,061 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Intuitive Machines by 375.3% during the 2nd quarter. Headlands Technologies LLC now owns 33,054 shares of the company’s stock worth $359,000 after buying an additional 26,099 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Intuitive Machines by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock worth $147,000 after buying an additional 1,499 shares during the period. Finally, Vident Advisory LLC bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $210,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Stock Up 5.7%

Shares of LUNR stock opened at $11.22 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of -3.46 and a beta of 1.41. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95. The business has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.80.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million for the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Bank of America lowered their target price on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a research note on Monday, August 25th. Zacks Research upgraded Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. UBS Group reissued a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Canaccord Genuity Group lowered their price target on shares of Intuitive Machines from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Finally, Craig Hallum started coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.44.

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.