Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) insider Steven Vontur sold 3,050 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.13, for a total value of $49,196.50. Following the sale, the insider owned 113,997 shares in the company, valued at $1,838,771.61. The trade was a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Intuitive Machines Trading Down 5.0%
LUNR opened at $15.37 on Friday. The stock has a market capitalization of $3.52 billion, a P/E ratio of -16.18 and a beta of 1.83. The stock has a 50-day moving average price of $16.51 and a 200-day moving average price of $21.81. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post -0.64 EPS for the current year.
Institutional Trading of Intuitive Machines
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on LUNR. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Cantor Fitzgerald lowered their price objective on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Roth Capital set a $30.00 target price on shares of Intuitive Machines in a research note on Thursday, August 13th. Finally, Stifel Nicolaus upgraded shares of Intuitive Machines from a “hold” rating to a “buy” rating and lowered their price target for the company from $32.00 to $26.00 in a report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Intuitive Machines presently has an average rating of “Moderate Buy” and an average price target of $30.06.
Check Out Our Latest Research Report on LUNR
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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