Intuitive Machines (NASDAQ:LUNR) Stock Price Up 6% – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) was up 6% during mid-day trading on Monday . The stock traded as high as $21.28 and last traded at $20.97. Approximately 10,445,874 shares traded hands during trading, a decline of 23% from the average session volume of 13,591,258 shares. The stock had previously closed at $19.79.

Wall Street Analyst Weigh In

Several research firms recently commented on LUNR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Roth Mkm increased their price target on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald increased their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Machines currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Intuitive Machines Stock Performance

The firm’s fifty day moving average price is $29.56 and its 200 day moving average price is $22.16. The firm has a market cap of $4.55 billion, a P/E ratio of -23.83 and a beta of 1.68.

Intuitive Machines (NASDAQ:LUNR) last released 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 analysts’ expectations of $202.95 million. As a group, analysts expect that Intuitive Machines, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $91,388,183.20. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of Intuitive Machines stock in a transaction on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the transaction, the director owned 68,875 shares in the company, valued at $2,057,296.25. This represents a 21.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,066,527 shares of company stock worth $29,896,194. 54.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. International Assets Investment Management LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC lifted its stake in shares of 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 period. Larson Financial Group LLC raised its stake in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after purchasing an additional 2,337 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.