Intuitive Machines (NASDAQ:LUNR) Stock Price Down 4.4% - What's Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) fell 4.4% on Monday . The company traded as low as $11.80 and last traded at $11.87. 1,432,673 shares traded hands during trading, a decline of 89% from the average session volume of 13,131,737 shares. The stock had previously closed at $12.41.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America decreased their price target on Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating on the stock in a research note on Wednesday, July 16th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Barclays assumed coverage on Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. Finally, Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.44.

Intuitive Machines Stock Performance

The firm has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $12.50. The company has a market cap of $2.02 billion, a P/E ratio of -4.13 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The firm had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 directly owned 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines stock in a transaction 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 sale, the chief financial officer directly owned 366,824 shares of the company's stock, valued at approximately $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,946 shares of company stock worth $4,269,089 in the last quarter. 39.75% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the business. Gotham Asset Management LLC acquired a new stake in Intuitive Machines in the first quarter valued at approximately $15,739,000. Two Sigma Investments LP bought a new position in shares of Intuitive Machines in the 4th quarter worth $33,255,000. Voya Investment Management LLC purchased a new position in shares of Intuitive Machines in the first quarter valued at about $11,311,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock valued at $21,102,000 after purchasing an additional 1,133,581 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after buying an additional 1,017,706 shares during the last quarter. 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.

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