Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer Sells 662,673 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer sold 662,673 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $8,704,864.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuitive Machines Stock Down 1.4 %

Shares of NASDAQ:LUNR opened at $9.15 on Friday. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The business has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.93. The stock has a market cap of $1.14 billion, a P/E ratio of 22.32 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. On average, equities analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after acquiring an additional 429,531 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines during the 2nd quarter worth $272,000. Sanders Morris Harris LLC increased its position in shares of Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines in the 2nd quarter valued at about $164,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. Finally, B. Riley upped their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.60.

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.