Intuitive Machines (NASDAQ:LUNR) Insider Steven Vontur Sells 3,050 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 3,050 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the transaction, the insider directly owned 113,997 shares in the company, valued at $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Intuitive Machines Stock Performance

LUNR traded down $0.81 during trading hours on Friday, reaching $15.37. The company’s stock had a trading volume of 5,784,875 shares, compared to its average volume of 12,677,093. The company’s 50-day moving average is $16.66 and its 200-day moving average is $21.86. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The firm has a market cap of $3.52 billion, a PE ratio of -16.18 and a beta of 1.83.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. Equities analysts anticipate that Intuitive Machines, Inc. will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S bought a new position in Intuitive Machines during the second quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Intuitive Machines in the 4th quarter valued at about $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines during the 1st quarter worth approximately $39,000. Larson Financial Group LLC grew its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after purchasing an additional 2,337 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on LUNR. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and reduced their target price for the stock from $32.00 to $26.00 in a report on Friday, August 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, Canaccord Genuity Group decreased their target price on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.06.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.