Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $21.14, but opened at $22.38. Intuitive Machines shares last traded at $21.67, with a volume of 2,588,049 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Canaccord Genuity Group upped their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $15.80.
View Our Latest Analysis on Intuitive Machines
Intuitive Machines Trading Up 1.8 %
The company has a market capitalization of $3.02 billion, a PE ratio of -7.32 and a beta of 0.90. The firm's 50-day simple moving average is $16.38 and its 200-day simple moving average is $9.93.
Insider Buying and Selling
In related news, CEO Stephen J. Altemus sold 61,432 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company's stock, valued at $10,020,109. This represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 177,734 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,609,820 shares of company stock valued at $21,709,343 over the last quarter. 73.68% of the stock is owned by corporate insiders.
Institutional Trading of Intuitive Machines
Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position 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 worth $7,514,000 after acquiring an additional 222,136 shares in the last quarter. Squarepoint Ops LLC bought a new position in Intuitive Machines in the second quarter worth about $536,000. Stifel Financial Corp purchased a new stake in shares of Intuitive Machines during the third quarter valued at about $525,000. FORA Capital LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at about $458,000. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $904,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Intuitive Machines Company Profile
(
Get Free Report)
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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