Intuitive Machines (NASDAQ:LUNR) Trading Up 1.4% – What’s Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) were up 1.4% on Wednesday . The stock traded as high as $7.24 and last traded at $7.11. Approximately 2,718,679 shares were traded during trading, a decline of 76% from the average daily volume of 11,560,553 shares. The stock had previously closed at $7.01.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LUNR shares. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Canaccord Genuity Group decreased their price objective 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 assumed coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Finally, Roth Mkm decreased their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Intuitive Machines Trading Up 0.5 %

The stock has a market capitalization of $1.00 billion, a P/E ratio of -2.40 and a beta of 1.01. The company’s 50-day moving average is $16.43 and its two-hundred day moving average is $12.78.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now owns 98,656 shares in the company, valued at $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 392,713 shares of company stock worth $7,250,066. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in LUNR. Two Sigma Investments LP acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $33,255,000. D. E. Shaw & Co. Inc. grew its stake in shares of Intuitive Machines by 3,991.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after purchasing an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $9,133,000. 72.21% of the stock is currently owned by institutional investors.

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.