Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer Sells 662,673 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer sold 662,673 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $8.19, for a total transaction of $5,427,291.87. Following the sale, the director now directly owns 1,062,865 shares in the company, valued at $8,704,864.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuitive Machines Trading Down 1.4 %

Shares of LUNR stock opened at $9.15 on Monday. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25. The stock has a 50 day moving average of $4.81 and a 200 day moving average of $4.93. The stock has a market cap of $1.14 billion, a P/E ratio of 22.32 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LUNR. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley increased their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.60.

Institutional Investors Weigh In On Intuitive Machines

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

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.