Shares of Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) traded down 3.2% during trading on Monday . The stock traded as low as $25.57 and last traded at $25.76. 14,671,868 shares traded hands during trading, an increase of 7% from the average session volume of 13,650,708 shares. The stock had previously closed at $26.62.
Wall Street Analysts Forecast Growth
LUNR has been the topic of a number of recent research reports. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a report on Friday, May 15th. B. Riley Financial lifted their price objective on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. KeyCorp lifted their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines currently has a consensus rating of “Hold” and a consensus price target of $31.50.
Read Our Latest Research Report on LUNR
Intuitive Machines Stock Down 3.2%
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current year.
Insider Buying and Selling at Intuitive Machines
In related news, Director Kamal Seyed Ghaffarian sold 283,818 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $65,631,743.04. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Mcgrath sold 24,554 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares in the company, valued at approximately $9,473,418.06. The trade was a 5.77% 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. Insiders sold 1,208,436 shares of company stock valued at $30,867,376 in the last 90 days. Company insiders own 54.10% of the company’s stock.
Hedge Funds Weigh In On Intuitive Machines
A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after buying an additional 712 shares during the last quarter. GAMMA Investing LLC increased its holdings 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. Sigma Planning Corp increased its holdings in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after buying an additional 886 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Intuitive Machines by 9.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock worth $206,000 after buying an additional 1,000 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings 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. 72.21% of the stock is currently owned by institutional investors and hedge funds.
About Intuitive Machines
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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