Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells $581,715.56 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 143,989 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $4.04, for a total transaction of $581,715.56. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,465,752.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Timothy Price Crain II also recently made the following trade(s):

• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total transaction of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Trading Down 1.9 %

Shares of NASDAQ LUNR opened at $3.43 on Thursday. The business has a 50 day simple moving average of $4.04 and a 200-day simple moving average of $4.93. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25. The company has a market capitalization of $427.49 million, a price-to-earnings ratio of 8.37 and a beta of 0.21.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The business had revenue of $73.07 million for the quarter, compared to the consensus estimate of $45.00 million. During the same quarter last year, the business earned ($0.24) earnings per share. As a group, equities analysts predict that Intuitive Machines, Inc. will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of the business. Hemington Wealth Management bought a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $26,000. Wedbush Securities Inc. acquired a new position in Intuitive Machines during the 2nd quarter valued at approximately $35,000. Solstein Capital LLC bought a new position in Intuitive Machines during the 1st quarter worth $44,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in Intuitive Machines in the first quarter worth $67,000. Finally, Rhumbline Advisers bought a new stake in Intuitive Machines in the second quarter valued at $119,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their price objective on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Monday, July 22nd. B. Riley began coverage on shares of Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Roth Mkm decreased their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $9.80.

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.