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

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading on Thursday. Investors acquired 34,007 call options on the stock. This represents an increase of approximately 50% compared to the average daily volume of 22,715 call options.

Intuitive Machines Stock Performance

Shares of LUNR stock traded up $1.23 on Thursday, hitting $11.43. 4,867,598 shares of the stock traded hands, compared to its average volume of 9,362,137. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95. The stock has a market capitalization of $2.06 billion, a PE ratio of -4.63 and a beta of 1.44. The firm’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $10.56.

Analyst Ratings Changes

LUNR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the stock a “buy” rating in a research note on Friday, October 17th. UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Monday, August 18th. Stifel Nicolaus assumed coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Bank of America boosted their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 19th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Insiders Place Their Bets

In other Intuitive Machines news, Director Michael Blitzer purchased 141,080 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $9.27 per share, for a total transaction of $1,307,811.60. Following the completion of the transaction, the director owned 1,831,248 shares of the company’s stock, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 39.75% of the company’s stock.

Institutional Trading of Intuitive Machines

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after buying an additional 717,256 shares in the last quarter. Bank of America Corp DE grew its position in Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock valued at $28,165,000 after acquiring an additional 415,359 shares in the last quarter. Voya Investment Management LLC increased its stake in Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after purchasing an additional 954,778 shares during the period. Geode Capital Management LLC increased its stake in Intuitive Machines by 78.6% during the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after purchasing an additional 1,141,454 shares during the period. Finally, UBS Group AG lifted its position in shares of Intuitive Machines by 53.4% during the third quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock worth $26,698,000 after purchasing an additional 883,513 shares in the last quarter. Hedge funds and other 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.