William John Liquori, Jr. Sells 18,321 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the transaction, the director directly owned 68,875 shares in the company, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $27.47 on Wednesday. The company has a market cap of $5.96 billion, a P/E ratio of -31.22 and a beta of 1.68. The business’s 50 day moving average price is $29.31 and its 200-day moving average price is $20.92. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LUNR shares. KeyCorp boosted their target price on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group boosted their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. B. Riley Financial boosted their target price on Intuitive Machines to $45.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Hold” and a consensus target price of $31.50.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Intuitive Machines in the 4th quarter valued at $28,000. State of Wyoming bought a new position in Intuitive Machines in the 1st quarter valued at $39,000. Larson Financial Group LLC grew its position in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the last quarter. GAMMA Investing LLC grew its position in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after acquiring an additional 712 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

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.