Intuitive Machines (NASDAQ:LUNR) Shares Gap Down to $8.03

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.03, but opened at $7.82. Intuitive Machines shares last traded at $8.13, with a volume of 3,169,284 shares changing hands.

Analyst Ratings Changes

LUNR has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Roth Mkm reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.60.

Intuitive Machines Stock Down 1.2 %

The company has a market capitalization of $988.33 million, a PE ratio of 19.59 and a beta of 0.26. The firm’s 50-day moving average is $4.88 and its 200-day moving average is $4.95.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Blitzer sold 662,673 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $8.19, for a total value of $5,427,291.87. Following the transaction, the director now directly owns 1,062,865 shares in the company, valued at approximately $8,704,864.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Blitzer sold 662,673 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $8.19, for a total transaction of $5,427,291.87. Following the transaction, the director now directly owns 1,062,865 shares in the company, valued at $8,704,864.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,039,827 shares of company stock valued at $20,042,765. 73.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently modified their holdings of LUNR. Wedbush Securities Inc. purchased a new stake in Intuitive Machines in the second quarter valued at $35,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in Intuitive Machines during the 1st quarter worth $67,000. Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines in the second quarter valued at about $56,000. Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines in the first quarter worth about $119,000. Finally, Deuterium Capital Management LLC purchased a new position in Intuitive Machines in the 1st quarter worth approximately $125,000. 72.21% of the stock is currently owned by institutional investors.

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.