Peter Mcgrath Sells 37,906 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Peter Mcgrath sold 37,906 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This represents a 7.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Intuitive Machines Trading Up 0.8 %

Shares of NASDAQ:LUNR traded up $0.06 during mid-day trading on Tuesday, hitting $7.79. 5,074,051 shares of the company traded hands, compared to its average volume of 11,963,351. The stock has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $13.00. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95. The stock has a market cap of $1.39 billion, a P/E ratio of -2.65 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $72.58 million. As a group, analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Intuitive Machines during the 4th quarter valued at $44,000. Jones Financial Companies Lllp grew its position in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after buying an additional 3,381 shares during the period. Park Avenue Securities LLC purchased a new stake in Intuitive Machines during the first quarter worth about $81,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines in the third quarter worth about $85,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after acquiring an additional 3,300 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Canaccord Genuity Group lowered their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Cantor Fitzgerald cut their target price on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. Benchmark restated a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.