Steven Vontur Sells 3,050 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 3,050 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the completion of the transaction, the insider directly owned 113,997 shares of the company’s stock, valued at $1,838,771.61. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Intuitive Machines Trading Down 5.0%

Shares of Intuitive Machines stock opened at $15.37 on Friday. The stock’s fifty day simple moving average is $16.51 and its 200 day simple moving average is $21.81. The company has a market capitalization of $3.52 billion, a PE ratio of -16.18 and a beta of 1.83. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to the consensus estimate of $212.32 million. Analysts predict that Intuitive Machines, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Intuitive Machines during the 2nd quarter worth $374,000. International Assets Investment Management LLC bought a new position in shares of Intuitive Machines in the fourth quarter worth $28,000. State of Wyoming acquired a new position in Intuitive Machines in the first quarter valued at about $39,000. Finally, Larson Financial Group LLC raised its stake in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after purchasing an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Cantor Fitzgerald reduced their target price on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.06.

Intuitive Machines Company Profile

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.