Intuitive Machines (NASDAQ:LUNR) Director Sells $547,248.27 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) 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 in the company, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Intuitive Machines Trading Down 3.4%

Shares of Intuitive Machines stock opened at $26.53 on Thursday. The company’s fifty day simple moving average is $29.52 and its two-hundred day simple moving average is $21.05. The company has a market cap of $5.76 billion, a P/E ratio of -30.15 and a beta of 1.68. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) 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 analysts’ expectations of $202.95 million. Analysts predict that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after acquiring an additional 712 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after purchasing an additional 781 shares during the last quarter. Sigma Planning Corp boosted its holdings in Intuitive Machines by 8.8% in the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after purchasing an additional 886 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Intuitive Machines by 9.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock worth $206,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of research reports. Zacks Research cut shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a report on Friday, May 15th. KeyCorp boosted their target price 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, Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.50.

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.