Intuitive Machines (NASDAQ:LUNR) Shares Gap Down – Time to Sell?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) gapped down prior to trading on Friday . The stock had previously closed at $14.40, but opened at $13.18. Intuitive Machines shares last traded at $14.06, with a volume of 4,006,868 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intuitive Machines currently has an average rating of “Moderate Buy” and an average target price of $16.14.

Intuitive Machines Trading Up 1.3 %

The stock’s 50-day moving average is $19.15 and its 200-day moving average is $12.43. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -4.96 and a beta of 0.92.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 771,632 shares of company stock valued at $12,947,078. 73.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PharVision Advisers LLC purchased a new position in Intuitive Machines in the 4th quarter worth approximately $185,000. Voloridge Investment Management LLC purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $3,768,000. Soviero Asset Management LP boosted its stake in shares of Intuitive Machines by 65.0% during the 4th quarter. Soviero Asset Management LP now owns 330,000 shares of the company’s stock valued at $5,993,000 after buying an additional 130,000 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $4,971,000. Finally, Two Sigma Investments LP purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $33,255,000. Hedge funds and other 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.