Intuitive Machines (NASDAQ:LUNR) Trading Down 0% – What’s Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) fell 0% during trading on Friday . The company traded as low as $6.81 and last traded at $7.11. 1,836,418 shares were traded during mid-day trading, a decline of 84% from the average session volume of 11,591,672 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

A number of research firms recently commented on LUNR. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Roth Capital set a $20.00 target price 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 target price for the company. Finally, Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.38.

Intuitive Machines Stock Up 0.9 %

The company has a fifty day moving average price of $16.43 and a two-hundred day moving average price of $12.78. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -2.43 and a beta of 1.01.

Insider Activity

In related news, insider Steven Vontur sold 9,266 shares of Intuitive Machines 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 completion of the sale, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated 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 owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 392,713 shares of company stock worth $7,250,066 over the last 90 days. 73.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in 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 buying an additional 1,017,706 shares during the last quarter. Two Sigma Investments LP acquired a new position in Intuitive Machines during the 4th quarter worth approximately $33,255,000. Renaissance Technologies LLC lifted its position in Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after acquiring an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Intuitive Machines by 3,991.5% during 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. Finally, Geode Capital Management LLC increased its holdings in Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock worth $20,437,000 after purchasing an additional 191,733 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

About Intuitive Machines

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.