Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Sells $292,255.26 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CFO Peter Mcgrath sold 37,906 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the transaction, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This trade represents a 7.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intuitive Machines Stock Down 1.6 %

NASDAQ:LUNR traded down $0.12 during mid-day trading on Friday, reaching $7.45. 3,999,659 shares of the company were exchanged, compared to its average volume of 11,979,222. The company has a fifty day moving average of $10.97 and a 200 day moving average of $12.92. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The stock has a market cap of $1.33 billion, a PE ratio of -2.53 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. Geode Capital Management LLC grew its position in shares of Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after buying an additional 222,136 shares during the period. Van ECK Associates Corp acquired a new stake in Intuitive Machines during the 4th quarter worth $3,403,000. Entropy Technologies LP bought a new position in Intuitive Machines during the fourth quarter worth about $895,000. Spire Wealth Management acquired a new position in Intuitive Machines in the fourth quarter valued at about $469,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Intuitive Machines in the fourth quarter valued at about $244,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Cantor Fitzgerald cut their price target on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Finally, B. Riley restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and an average price target of $16.00.

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.