Intuitive Machines Sees Unusually High Options Volume (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of unusually large options trading on Friday. Stock investors acquired 42,043 call options on the company. This represents an increase of approximately 71% compared to the typical daily volume of 24,587 call options.

Analyst Ratings Changes

Several equities research analysts have weighed in on LUNR shares. B. Riley lifted their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on Intuitive Machines and gave the stock a “buy” rating in a report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.25.

Intuitive Machines Stock Up 10.2%

Shares of Intuitive Machines stock opened at $17.88 on Friday. Intuitive Machines has a 52 week low of $6.14 and a 52 week high of $24.95. The business has a 50 day moving average price of $11.62 and a 200-day moving average price of $10.93. The company has a market cap of $3.22 billion, a PE ratio of -7.24 and a beta of 1.37.

Insider Buying and Selling

In other news, SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the transaction, the senior vice president owned 298,435 shares in the company, valued at approximately $4,786,897.40. The trade was a 40.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Altemus sold 1,958,593 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,350,000 shares of company stock worth $36,849,531 in the last 90 days. Insiders own 39.75% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC grew its stake in shares of Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after acquiring an additional 1,800 shares during the period. Nisa Investment Advisors LLC boosted its position in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after purchasing an additional 1,127 shares during the period. Quarry LP boosted its position in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after purchasing an additional 3,889 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Intuitive Machines in the third quarter worth about $94,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Intuitive Machines in the third quarter worth about $109,000. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.