Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $18.39, but opened at $17.75. Intuitive Machines shares last traded at $17.79, with a volume of 4,297,655 shares changing hands.
Analyst Ratings Changes
Several research firms recently commented on LUNR. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Benchmark increased their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 15th. B. Riley lifted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a research report on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $14.10.
Check Out Our Latest Report on LUNR
Intuitive Machines Stock Up 3.0 %
The firm's 50 day moving average is $12.14 and its 200-day moving average is $7.67. The firm has a market cap of $2.66 billion, a PE ratio of -6.44 and a beta of 0.93.
Insiders Place Their Bets
In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $7.43, for a total transaction of $936,113.13. Following the transaction, the director now owns 3,494,768 shares of the company's stock, valued at $25,966,126.24. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the sale, the senior vice president now directly owns 362,810 shares of the company's stock, valued at $4,390,001. This represents a 52.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,702,731 shares of company stock valued at $18,475,694 in the last quarter. 73.68% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Intuitive Machines
Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock valued at $7,514,000 after acquiring an additional 222,136 shares during the period. Squarepoint Ops LLC acquired a new stake in Intuitive Machines in the 2nd quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines in the second quarter valued at about $272,000. Stifel Financial Corp acquired a new position in shares of Intuitive Machines during the third quarter worth about $525,000. Finally, FORA Capital LLC acquired a new position in shares of Intuitive Machines during the third quarter worth about $458,000. 72.21% of the stock is owned by institutional investors and hedge funds.
About Intuitive Machines
(
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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.
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