Intuitive Machines (NASDAQ:LUNR) Shares Up 6% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares were up 6% on Monday . The company traded as high as $21.28 and last traded at $20.97. 10,445,874 shares changed hands during trading, a decline of 23% from the average daily volume of 13,591,258 shares. The stock had previously closed at $19.79.

Wall Street Analyst Weigh In

Several analysts recently commented on LUNR shares. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Canaccord Genuity Group increased their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Roth Mkm boosted their price target on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Intuitive Machines has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Trading Up 6.0%

The company has a market cap of $4.55 billion, a P/E ratio of -23.83 and a beta of 1.68. The business’s 50 day simple moving average is $29.56 and its 200 day simple moving average is $22.16.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $91,388,183.20. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director owned 68,875 shares of the company’s stock, valued at $2,057,296.25. This represents a 21.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,066,527 shares of company stock valued at $29,896,194. 54.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently bought and sold shares of LUNR. International Assets Investment Management LLC purchased a new position in shares of Intuitive Machines during the fourth quarter valued at about $28,000. State of Wyoming bought a new position in Intuitive Machines during the first quarter valued at approximately $39,000. Larson Financial Group LLC boosted its stake in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares during the last quarter. GAMMA Investing LLC grew its holdings in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after acquiring an additional 712 shares during the last quarter. Hedge funds and other 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.