Intuitive Machines (NASDAQ:LUNR) Shares Up 2.5% – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) shot up 2.5% on Friday . The company traded as high as $8.68 and last traded at $8.56. 2,669,880 shares traded hands during trading, a decline of 69% from the average session volume of 8,693,673 shares. The stock had previously closed at $8.35.

Analysts Set New Price Targets

LUNR has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, B. Riley raised their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines currently has an average rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Trading Down 0.8 %

The company has a market cap of $1.03 billion, a PE ratio of 20.56 and a beta of 0.34. The firm’s 50-day simple moving average is $6.24 and its two-hundred day simple moving average is $5.19.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. As a group, analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 125,577 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $4.02, for a total value of $504,819.54. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $1,458,496.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Timothy Price Crain II sold 125,577 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.02, for a total value of $504,819.54. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,458,496.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Altemus sold 440,288 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.03, for a total transaction of $2,654,936.64. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $5,492,841.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,770,728 shares of company stock worth $27,661,329. 73.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. Inscription Capital LLC purchased a new position in Intuitive Machines during the first quarter valued at approximately $304,000. Tealwood Asset Management Inc. purchased a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $131,000. Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines in the 1st quarter valued at $119,000. Deuterium Capital Management LLC acquired a new stake in Intuitive Machines during the first quarter valued at $125,000. Finally, Baltimore Washington Financial Advisors Inc. purchased a new position in Intuitive Machines in the first quarter valued at $67,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.