Intuitive Machines (NASDAQ:LUNR) Shares Up 5.1% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) traded up 5.1% during trading on Monday . The company traded as high as $16.58 and last traded at $16.03. 2,584,851 shares changed hands during trading, a decline of 73% from the average session volume of 9,449,170 shares. The stock had previously closed at $15.25.

Analyst Ratings Changes

LUNR has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research report on Friday, November 7th. KeyCorp assumed coverage on shares of Intuitive Machines in a research note on Thursday, December 18th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, B. Riley upped their price objective on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

Intuitive Machines Price Performance

The stock’s 50 day moving average is $11.22 and its two-hundred day moving average is $10.73. The firm has a market capitalization of $2.83 billion, a P/E ratio of -6.37 and a beta of 1.44.

Insider Activity

In related news, SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the transaction, the senior vice president owned 298,435 shares of the company’s stock, valued at $4,786,897.40. This trade represents a 40.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Blitzer acquired 141,080 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $9.27 per share, with a total value of $1,307,811.60. Following the acquisition, the director owned 1,831,248 shares of the company’s stock, valued at approximately $16,975,668.96. This trade represents a 8.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 2,350,000 shares of company stock valued at $36,849,531 in the last 90 days. 39.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after buying an additional 2,386,688 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth about $15,739,000. Voya Investment Management LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at about $11,311,000. Jump Financial LLC lifted its holdings in shares of Intuitive Machines by 5,262.9% during the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Intuitive Machines by 78.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after purchasing an additional 1,141,454 shares during the period. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.