Key Points
- Director selling: Intuitive Machines director William John Liquori, Jr. sold 18,321 shares on June 8 at an average price of $29.87, totaling about $547,248. After the sale, he still owned 68,875 shares.
- Recent performance and valuation: The stock was trading around $29.74, giving the company a market cap of about $6.45 billion. Shares are well above their 200-day average of $20.79 but below the 12-month high of $46.75.
- Mixed outlook from analysts and earnings miss: Intuitive Machines recently reported a quarterly loss of $0.25 per share, wider than expected, with revenue also below estimates. Still, several analysts have raised price targets, and the stock currently has an average rating of “Hold” with a $31.50 average target.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director William John Liquori, Jr. sold 18,321 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director directly owned 68,875 shares of the company's stock, valued at $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Intuitive Machines Trading Up 1.3%
Shares of LUNR opened at $29.74 on Tuesday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -33.80 and a beta of 1.68. The stock has a 50 day moving average of $29.11 and a 200 day moving average of $20.79. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post -0.35 earnings per share for the current year.
Institutional Investors Weigh In On Intuitive Machines
A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock valued at $52,000 after purchasing an additional 712 shares in the last quarter. GAMMA Investing LLC raised its position in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company's stock valued at $43,000 after purchasing an additional 781 shares in the last quarter. Sigma Planning Corp raised its position in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company's stock valued at $178,000 after purchasing an additional 886 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in Intuitive Machines by 9.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company's stock valued at $206,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Intuitive Machines by 63.2% during 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. Hedge funds and other institutional investors own 72.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on LUNR shares. Cantor Fitzgerald raised their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 19th. Wall Street Zen raised Intuitive Machines from a "strong sell" rating to a "sell" rating in a report on Sunday, May 24th. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a report on Friday, May 15th. B. Riley Financial raised their price target on Intuitive Machines to $45.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group raised their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines has an average rating of "Hold" and an average price target of $31.50.
View Our Latest Analysis on Intuitive Machines
About Intuitive Machines
(
Get Free Report)
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.
Further Reading
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