Intuitive Machines (NASDAQ:LUNR) Director Michael Blitzer Buys 100,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Michael Blitzer purchased 100,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $8.83 per share, for a total transaction of $883,000.00. Following the completion of the acquisition, the director owned 1,931,248 shares in the company, valued at $17,052,919.84. This represents a 5.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Michael Blitzer also recently made the following trade(s):

• On Wednesday, November 12th, Michael Blitzer purchased 141,080 shares of Intuitive Machines stock. The stock was bought at an average cost of $9.27 per share, for a total transaction of $1,307,811.60.

Intuitive Machines Trading Down 7.3%

LUNR opened at $8.66 on Friday. The stock has a fifty day moving average price of $10.76 and a 200 day moving average price of $10.61. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $24.95. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -2.67 and a beta of 1.42.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after purchasing an additional 1,800 shares during the period. Nisa Investment Advisors LLC boosted its stake in Intuitive Machines by 35.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares during the period. Sigma Planning Corp acquired a new stake in Intuitive Machines in the 1st quarter valued at approximately $78,000. Philadelphia Trust Co. increased its position in Intuitive Machines by 10.0% in the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock worth $82,000 after buying an additional 1,000 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in Intuitive Machines in the 1st quarter worth approximately $89,000. 72.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research reports. Bank of America reduced their price target on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a report on Monday, August 25th. Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Monday. Stifel Nicolaus started coverage on shares of Intuitive Machines in a report on Monday, November 3rd. They set a “buy” rating and a $18.00 price target on the stock. Finally, Craig Hallum assumed coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus target price of $15.40.

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.