Intuitive Machines (NASDAQ:LUNR) Trading Up 10.2% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares were up 10.2% during trading on Friday . The company traded as high as $37.71 and last traded at $37.7410. Approximately 4,327,904 shares changed hands during trading, a decline of 66% from the average daily volume of 12,712,582 shares. The stock had previously closed at $34.24.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LUNR shares. B. Riley Financial boosted their price objective on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday. Cantor Fitzgerald lifted their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Price Performance

The firm has a market capitalization of $8.03 billion, a PE ratio of -41.98 and a beta of 1.47. The stock has a 50-day moving average price of $24.67 and a 200-day moving average price of $18.47.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at $119,695,804. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Price Crain II sold 8,447 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $199,433.67. Following the completion of the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $8,293,697.19. This represents a 2.35% 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. Insiders sold 1,048,206 shares of company stock valued at $24,782,839 in the last three months. Corporate insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of LUNR. International Assets Investment Management LLC bought a new stake in Intuitive Machines in the fourth quarter valued at about $28,000. State of Wyoming bought a new stake in Intuitive Machines in the first quarter valued at about $39,000. GAMMA Investing LLC increased its holdings 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 buying an additional 781 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 buying an additional 1,016 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after purchasing an additional 2,337 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

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.