Traders Purchase Large Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw unusually large options trading activity on Wednesday. Stock traders acquired 158,849 call options on the stock. This represents an increase of 1,205% compared to the average volume of 12,175 call options.

Analyst Ratings Changes

LUNR has been the topic of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday. B. Riley assumed coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They set a “buy” rating and a $8.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines currently has a consensus rating of “Buy” and a consensus price target of $9.80.

Intuitive Machines Stock Up 54.8 %

NASDAQ LUNR traded up $2.96 during trading hours on Wednesday, reaching $8.36. 105,490,383 shares of the company were exchanged, compared to its average volume of 7,377,585. The stock has a market capitalization of $1.04 billion, a P/E ratio of 19.83 and a beta of 0.26. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $13.25. The business’s 50 day simple moving average is $4.54 and its 200-day simple moving average is $4.86.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. As a group, sell-side analysts anticipate that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold 1,827,154 shares of company stock worth $9,893,973 in the last ninety days. Insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new position in Intuitive Machines in the 2nd quarter valued at approximately $35,000. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines in the second quarter worth $56,000. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Intuitive Machines in the first quarter valued at $67,000. Rhumbline Advisers bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $119,000. Finally, Sanders Morris Harris LLC purchased a new stake in Intuitive Machines during the 1st quarter worth about $119,000. 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.