Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) shares traded up 1.3% on Monday . The stock traded as high as $30.80 and last traded at $29.74. 9,026,661 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 13,532,191 shares. The stock had previously closed at $29.36.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial lifted their target price on shares of Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Eight 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.
Check Out Our Latest Analysis on LUNR
Intuitive Machines Stock Down 3.4%
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. Analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.
Insider Buying and Selling
In other Intuitive Machines news, Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $29.87, for a total transaction of $547,248.27. Following the transaction, the director directly owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the transaction, the senior vice president directly owned 359,726 shares in the company, valued at approximately $6,313,191.30. The trade was a 29.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,208,436 shares of company stock valued at $30,867,376 over the last quarter. Company insiders own 54.10% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Trustees of the University of Pennsylvania purchased a new stake in shares of Intuitive Machines in the 4th quarter worth about $52,689,000. First Trust Advisors LP grew its position in Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after purchasing an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Intuitive Machines during the 1st quarter valued at about $35,895,000. Jump Financial LLC lifted its stake in Intuitive Machines by 5,262.9% during the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after acquiring an additional 1,314,888 shares during the period. Finally, Bank of America Corp DE lifted its stake in Intuitive Machines by 188.9% during the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after acquiring an additional 1,231,188 shares during the period. 72.21% of the stock is owned by hedge funds and other 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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