Intuitive Machines (NASDAQ:LUNR) Shares Down 2.5%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) fell 2.5% during mid-day trading on Tuesday . The stock traded as low as $7.65 and last traded at $7.85. 4,371,040 shares were traded during trading, a decline of 49% from the average session volume of 8,638,940 shares. The stock had previously closed at $8.05.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LUNR. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, B. Riley increased their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Stock Down 4.7 %

The company has a market cap of $955.93 million, a P/E ratio of 19.15 and a beta of 0.26. The company has a 50 day moving average price of $5.27 and a 200-day moving average price of $5.04.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. On average, research analysts expect that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 74,423 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,425,843.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Stephen J. Altemus sold 203,018 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the transaction, the chief executive officer now owns 910,919 shares in the company, valued at approximately $4,126,463.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 74,423 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total value of $292,482.39. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,425,843.30. The disclosure for this sale can be found here. Insiders sold 3,997,755 shares of company stock valued at $28,250,647 over the last 90 days. 73.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new stake in Intuitive Machines in the 2nd quarter worth about $35,000. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines in the 2nd quarter worth about $56,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines in the 1st quarter worth about $67,000. Rhumbline Advisers purchased a new stake in Intuitive Machines in the 2nd quarter worth about $119,000. Finally, Sanders Morris Harris LLC purchased a new stake in Intuitive Machines in the 1st quarter worth about $119,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.