Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 6,011 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 6,011 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $4.00, for a total transaction of $24,044.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,451,240. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Timothy Price Crain II also recently made the following trade(s):

• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00.

Intuitive Machines Stock Down 5.4 %

NASDAQ:LUNR traded down $0.21 on Wednesday, reaching $3.65. 3,546,151 shares of the company’s stock were exchanged, compared to its average volume of 6,166,481. The firm has a market capitalization of $454.90 million, a price-to-earnings ratio of 8.90 and a beta of 0.21. The business has a fifty day moving average of $4.71 and a 200-day moving average of $4.66. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $73.07 million for the quarter, compared to analysts’ expectations of $45.00 million. During the same quarter last year, the firm earned ($0.24) EPS. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post -0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. B. Riley assumed coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They set a “buy” rating and a $8.00 target price on the stock. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Roth Mkm lowered 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Monday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $9.80.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Vanguard Group Inc. lifted its holdings in shares of Intuitive Machines by 250.0% during 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 period. Inscription Capital LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth $304,000. Tealwood Asset Management Inc. purchased a new position in Intuitive Machines in the first quarter worth $131,000. Deuterium Capital Management LLC purchased a new position in Intuitive Machines in the first quarter worth $125,000. Finally, Sanders Morris Harris LLC purchased a new position in Intuitive Machines in the first quarter worth $119,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.