Intuitive Machines (NASDAQ:LUNR) Director Michael Blitzer Purchases 141,080 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer acquired 141,080 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $9.27 per share, with a total value of $1,307,811.60. Following the acquisition, the director owned 1,831,248 shares in the company, valued at approximately $16,975,668.96. This trade represents a 8.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Blitzer also recently made the following trade(s):

• On Thursday, November 13th, Michael Blitzer bought 100,000 shares of Intuitive Machines stock. The shares were acquired at an average price of $8.83 per share, with a total value of $883,000.00.

Intuitive Machines Stock Down 7.3%

Shares of LUNR stock opened at $8.66 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -2.67 and a beta of 1.42. The stock has a fifty day moving average of $10.76 and a 200 day moving average of $10.61. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Bank of America lowered their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a report on Monday, August 25th. Craig Hallum initiated coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. Stifel Nicolaus assumed coverage on Intuitive Machines in a research report on Monday, November 3rd. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Zacks Research upgraded shares of Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.40.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC grew its stake in shares of Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after buying an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares during the last quarter. Sigma Planning Corp purchased a new position in Intuitive Machines in the first quarter worth about $78,000. Philadelphia Trust Co. increased its stake in Intuitive Machines by 10.0% during the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock worth $82,000 after acquiring an additional 1,000 shares during the last quarter. Finally, IPG Investment Advisors LLC purchased a new stake in Intuitive Machines during the first quarter valued at approximately $89,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

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.