Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price dropped 2.8% during trading on Thursday . The company traded as low as $18.47 and last traded at $18.64. Approximately 5,107,035 shares changed hands during trading, a decline of 64% from the average daily volume of 14,227,460 shares. The stock had previously closed at $19.18.
Analyst Ratings Changes
LUNR has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Benchmark boosted their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Cantor Fitzgerald boosted their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines presently has an average rating of "Buy" and an average target price of $15.80.
Check Out Our Latest Stock Analysis on LUNR
Intuitive Machines Stock Down 2.9 %
The stock has a market cap of $2.60 billion, a P/E ratio of -6.30 and a beta of 0.90. The business has a 50 day moving average price of $15.13 and a two-hundred day moving average price of $9.10.
Insider Transactions at Intuitive Machines
In other news, SVP Timothy Price Crain II sold 400,000 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $52,561,310.72. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,954,713 shares of company stock valued at $24,475,385 over the last 90 days. Company insiders own 73.68% of the company's stock.
Institutional Investors Weigh In On Intuitive Machines
A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Intuitive Machines by 31.2% in the third 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 in the last quarter. State Street Corp raised its position in Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after purchasing an additional 7,538 shares during the period. Squarepoint Ops LLC purchased a new stake in Intuitive Machines during the second quarter valued at approximately $536,000. Penserra Capital Management LLC raised its position in Intuitive Machines by 16.5% during the third quarter. Penserra Capital Management LLC now owns 147,857 shares of the company's stock valued at $1,190,000 after purchasing an additional 20,916 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock valued at $836,000 after purchasing an additional 32,015 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
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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