Intuitive Machines (NASDAQ:LUNR) Director William John Liquori, Jr. Sells 18,321 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director William John Liquori, Jr. sold 18,321 shares of Intuitive Machines stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director directly owned 68,875 shares in the company, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Intuitive Machines Stock Up 1.3%

NASDAQ:LUNR opened at $29.74 on Tuesday. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -33.80 and a beta of 1.68. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The stock’s 50 day moving average price is $29.11 and its two-hundred day moving average price is $20.79.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Cantor Fitzgerald boosted their price target on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Roth Mkm upped their target price on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.50.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently made changes to their positions in LUNR. Trustees of the University of Pennsylvania bought a new stake in shares of Intuitive Machines in the 4th quarter valued at about $52,689,000. First Trust Advisors LP boosted its holdings in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after acquiring an additional 2,386,688 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Intuitive Machines in the first quarter worth approximately $35,895,000. Jump Financial LLC raised its stake in shares of Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after purchasing an additional 1,314,888 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Intuitive Machines by 188.9% in the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after purchasing an additional 1,231,188 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

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.