Traders Buy Large Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw some unusual options trading on Friday. Stock traders bought 101,966 call options on the company. This represents an increase of 67% compared to the typical volume of 61,231 call options.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their target price on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald upped their target price on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Bank of America began coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Intuitive Machines presently has an average rating of “Moderate Buy” and an average target price of $15.57.

Intuitive Machines Stock Down 25.5 %

NASDAQ LUNR traded down $2.87 during midday trading on Friday, hitting $8.39. The company had a trading volume of 35,623,455 shares, compared to its average volume of 14,973,781. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -2.80 and a beta of 1.01. The firm has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $12.63.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 393,659 shares of company stock worth $7,262,364. 73.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Intuitive Machines in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp increased its holdings in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after acquiring an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines during the third quarter worth about $85,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $91,000. 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.