Stock Traders Purchase High Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Key Points

• Intuitive Machines experienced a significant surge in call options trading, with 40,760 call options purchased, representing a 77% increase from its average volume.
• The company's consensus analyst rating stands at "Moderate Buy" with a target price of $15.44, despite some analysts issuing a "strong sell" rating.
• Insider selling activity has been notable, with Director Kamal Seyed Ghaffarian selling over 80,000 shares, indicating a 2.25% decrease in his position.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 40,760 call options on the company. This represents an increase of approximately 77% compared to the average volume of 23,053 call options.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Craig Hallum assumed coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective for the company. Bank of America decreased their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a research report on Monday, August 25th. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Finally, UBS Group restated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.44.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the transaction, the director owned 3,494,768 shares in the company, valued at $42,111,954.40. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 161,016 shares of company stock valued at $1,997,001. Insiders own 39.75% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC increased its stake in Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock valued at $30,000 after buying an additional 1,800 shares during the period. Nisa Investment Advisors LLC increased its stake in Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock valued at $47,000 after buying an additional 1,127 shares during the period. Rossby Financial LCC acquired a new position in shares of Intuitive Machines during the 1st quarter worth $67,000. Sigma Planning Corp acquired a new position in shares of Intuitive Machines during the 1st quarter worth $78,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth $81,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Trading Up 6.1%

LUNR stock traded up $0.65 on Thursday, hitting $11.26. 7,775,927 shares of the company's stock traded hands, compared to its average volume of 9,811,068. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $24.95. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -3.48 and a beta of 1.41. The stock has a fifty day moving average of $9.77 and a 200-day moving average of $9.78.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million for the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

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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