Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $11.41, but opened at $11.16. Intuitive Machines shares last traded at $10.96, with a volume of 2,524,268 shares changing hands.
Analysts Set New Price Targets
A number of research firms recently weighed in on LUNR. Roth Mkm dropped their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Cantor Fitzgerald boosted their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, Barclays started coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.06.
Check Out Our Latest Report on Intuitive Machines
Intuitive Machines Stock Performance
The stock has a market cap of $1.98 billion, a P/E ratio of -3.76 and a beta of 1.47. The stock has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $13.33.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. On average, research analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.
Insider Activity at Intuitive Machines
In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter Mcgrath sold 72,168 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the sale, the chief financial officer now owns 366,824 shares in the company, valued at $4,401,888. This represents a 16.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is owned by insiders.
Institutional Investors Weigh In On Intuitive Machines
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp bought a new position in Intuitive Machines during the fourth quarter worth about $3,403,000. Entropy Technologies LP acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $895,000. Spire Wealth Management acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $469,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $244,000. Finally, Headlands Technologies LLC grew its position in Intuitive Machines by 161,529.8% during the fourth quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock worth $4,432,000 after buying an additional 243,910 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.
About Intuitive Machines
(
Get Free Report)
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.
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