Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.94 and last traded at $32.42, with a volume of 4299822 shares. The stock had previously closed at $28.97.
Analyst Upgrades and Downgrades
Several analysts have weighed in on LUNR shares. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Stifel Nicolaus boosted their target price on Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Canaccord Genuity Group boosted their target price on Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Hold” and a consensus target price of $21.55.
Read Our Latest Analysis on LUNR
Intuitive Machines Stock Performance
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to the consensus estimate of $53.37 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.04 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $87,858,467.52. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the transaction, the chief executive officer owned 1,162,495 shares in the company, valued at $27,446,506.95. This represents a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,046,210 shares of company stock valued at $22,238,410. Company insiders own 54.10% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. International Assets Investment Management LLC bought a new position in Intuitive Machines during the fourth quarter worth about $28,000. GAMMA Investing LLC increased its position in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares during the last quarter. Larson Financial Group LLC increased its position in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares during the last quarter. CWM LLC increased its position in Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after purchasing an additional 1,738 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.
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.
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