Intuitive Machines (NASDAQ:LUNR) Stock Price Up 0.6%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was up 0.6% during trading on Wednesday . The company traded as high as $5.14 and last traded at $5.09. Approximately 685,428 shares were traded during trading, a decline of 91% from the average daily volume of 8,011,111 shares. The stock had previously closed at $5.06.

Analyst Ratings Changes

A number of research analysts have commented on LUNR shares. Cantor Fitzgerald reduced their target price on Intuitive Machines from $13.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Roth Mkm reiterated a "buy" rating and set a $15.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Trading Up 2.0 %

The stock has a market capitalization of $629.47 million, a price-to-earnings ratio of 2.09 and a beta of 0.23. The firm has a 50-day moving average of $5.76 and a 200 day moving average of $4.15.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Monday, March 25th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. The firm had revenue of $30.56 million for the quarter, compared to analysts' expectations of $17.70 million. Equities research analysts predict that Intuitive Machines, Inc. will post -0.48 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the transaction, the insider now directly owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 78.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. acquired a new position in shares of Intuitive Machines during the 3rd quarter valued at $1,369,000. Janney Montgomery Scott LLC bought a new stake in shares of Intuitive Machines during the 3rd quarter worth $365,000. Inscription Capital LLC bought a new stake in shares of Intuitive Machines during the 1st quarter worth $304,000. Tealwood Asset Management Inc. bought a new stake in shares of Intuitive Machines during the 1st quarter worth $131,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines during the 1st quarter worth $119,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Machines

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.