Intuitive Machines (NASDAQ:LUNR) Insider Sells $49,196.50 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 3,050 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the completion of the transaction, the insider owned 113,997 shares of the company’s stock, valued at approximately $1,838,771.61. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $15.37 on Monday. The company’s fifty day moving average price is $16.51 and its 200 day moving average price is $21.83. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The firm has a market capitalization of $3.52 billion, a P/E ratio of -16.18 and a beta of 1.83.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. On average, sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after buying an additional 712 shares during the last quarter. Sigma Planning Corp raised its holdings in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after purchasing an additional 886 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Intuitive Machines by 9.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC boosted 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 purchasing an additional 1,016 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Intuitive Machines in the 2nd quarter valued at approximately $25,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Cantor Fitzgerald reduced their price target on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Stifel Nicolaus upgraded shares of Intuitive Machines from a “hold” rating to a “buy” rating and decreased their price target for the stock from $32.00 to $26.00 in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and a consensus target price of $30.06.

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.