Michael Blitzer Purchases 100,000 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $8.83 per share, for a total transaction of $883,000.00. Following the purchase, the director directly owned 1,931,248 shares of the company’s stock, valued at approximately $17,052,919.84. This trade represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Michael Blitzer also recently made the following trade(s):

• On Wednesday, November 12th, Michael Blitzer bought 141,080 shares of Intuitive Machines stock. The stock was purchased at an average price of $9.27 per share, with a total value of $1,307,811.60.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $9.53 on Friday. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -2.94 and a beta of 1.42. The firm’s fifty day moving average price is $10.78 and its 200 day moving average price is $10.62.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Monday. Bank of America dropped their price objective on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a report on Monday, August 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Finally, Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Friday, November 7th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.40.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its stake in Intuitive Machines by 81.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 110,860 shares of the company’s stock worth $1,166,000 after purchasing an additional 49,689 shares during the last quarter. Creative Planning lifted its position in shares of Intuitive Machines by 13.3% in the 3rd quarter. Creative Planning now owns 34,463 shares of the company’s stock worth $363,000 after buying an additional 4,056 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Intuitive Machines in the 3rd quarter worth about $565,000. Vident Advisory LLC boosted its holdings in shares of Intuitive Machines by 339.8% in the 3rd quarter. Vident Advisory LLC now owns 85,103 shares of the company’s stock valued at $895,000 after buying an additional 65,751 shares during the period. Finally, Comerica Bank grew its position in shares of Intuitive Machines by 515.4% during the 3rd quarter. Comerica Bank now owns 142,599 shares of the company’s stock valued at $1,500,000 after buying an additional 119,428 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

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.