Intuitive Machines (NASDAQ:LUNR) Trading Up 7.9% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price was up 7.9% during mid-day trading on Friday . The company traded as high as $20.24 and last traded at $20.1850. 5,995,960 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 13,545,820 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

LUNR has been the topic of several analyst reports. Roth Mkm upped their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Intuitive Machines has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Trading Up 7.5%

The company has a market capitalization of $4.36 billion, a P/E ratio of -22.86 and a beta of 1.68. The company has a 50 day moving average price of $29.64 and a 200 day moving average price of $22.10.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $21.87, for a total value of $3,280,500.00. Following the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the sale, the chief financial officer owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,066,527 shares of company stock valued at $29,896,194. Corporate insiders own 54.10% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently made changes to their positions in LUNR. PNC Financial Services Group Inc. grew its position in shares of Intuitive Machines by 34.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after purchasing an additional 712 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after purchasing an additional 781 shares during the last quarter. Sigma Planning Corp boosted its stake in Intuitive Machines by 8.8% in the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after purchasing an additional 886 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in Intuitive Machines by 9.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after buying an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

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.