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

Intuitive Machines, Inc. (NASDAQ:LUNR) was up 7.9% on Friday . The company traded as high as $20.24 and last traded at $20.1850. 5,995,960 shares changed hands during 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 subject of a number of recent analyst reports. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Canaccord Genuity Group boosted their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Machines has an average rating of “Hold” and a consensus price target of $31.50.

Intuitive Machines Stock Up 7.5%

The company has a market cap of $4.36 billion, a price-to-earnings ratio of -22.86 and a beta of 1.68. The company’s fifty day moving average price is $29.64 and its two-hundred day moving average price is $22.10.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $136,365,847.36. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Mcgrath sold 24,554 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 1,066,527 shares of company stock worth $29,896,194. 54.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $28,000. State of Wyoming acquired a new position in Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC grew its position in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares in the last quarter. Larson Financial Group LLC grew its position in Intuitive Machines by 63.2% in the fourth 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, CWM LLC increased its stake in Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after buying an additional 2,337 shares during the last quarter. Institutional investors and hedge funds 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.