Intuitive Machines (NASDAQ:LUNR) Trading Up 0.4% – Still a Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $7.34 and last traded at $7.29. 2,435,293 shares were traded during mid-day trading, a decline of 79% from the average session volume of 11,580,730 shares. The stock had previously closed at $7.26.

Analyst Upgrades and Downgrades

LUNR has been the topic of several analyst reports. Roth Mkm dropped their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Canaccord Genuity Group lowered their price objective on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Intuitive Machines Price Performance

The business’s 50 day moving average price is $16.22 and its 200 day moving average price is $12.80. The firm has a market cap of $995.06 million, a PE ratio of -2.41 and a beta of 1.01.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 392,713 shares of company stock worth $7,250,066. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PharVision Advisers LLC acquired a new position in shares of Intuitive Machines during the 4th quarter valued at about $185,000. Voloridge Investment Management LLC acquired a new position in Intuitive Machines during the 4th quarter worth about $3,768,000. Soviero Asset Management LP grew its holdings in shares of Intuitive Machines by 65.0% in the fourth quarter. Soviero Asset Management LP now owns 330,000 shares of the company’s stock valued at $5,993,000 after purchasing an additional 130,000 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at $4,971,000. Finally, Two Sigma Investments LP acquired a new position in shares of Intuitive Machines during the fourth quarter worth about $33,255,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.