Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were down 8.9% on Tuesday . The company traded as low as $7.23 and last traded at $7.21. Approximately 3,806,440 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 11,536,097 shares. The stock had previously closed at $7.91.
Analysts Set New Price Targets
Several analysts have recently weighed in on LUNR shares. Roth Capital set a $20.00 price objective on Intuitive Machines in a report on Friday, March 7th. Canaccord Genuity Group cut their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday, March 7th. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective for the company. Roth Mkm dropped their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.38.
Check Out Our Latest Stock Analysis on LUNR
Intuitive Machines Stock Down 0.3 %
The stock's 50 day moving average price is $16.22 and its two-hundred day moving average price is $12.80. The firm has a market capitalization of $995.06 million, a price-to-earnings ratio of -2.41 and a beta of 1.01.
Insiders Place Their Bets
In related news, insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,713 shares of company stock valued at $7,250,066 in the last three months. Insiders own 73.68% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new position in Intuitive Machines in the 4th quarter valued at $44,000. Jones Financial Companies Lllp lifted its stake in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines in the 3rd quarter worth $85,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.
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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