Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $15.79 and last traded at $15.71, with a volume of 4510201 shares trading hands. The stock had previously closed at $14.45.
Wall Street Analysts Forecast Growth
LUNR has been the subject of a number of research reports. Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald raised their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group upped their target price on Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $13.10.
Read Our Latest Research Report on Intuitive Machines
Intuitive Machines Trading Up 11.3 %
Insider Activity at Intuitive Machines
In other news, SVP Timothy Price Crain II sold 197,637 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.05, for a total value of $1,195,703.85. Following the transaction, the senior vice president now owns 362,810 shares in the company, valued at $2,195,000.50. The trade was a 35.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total value of $1,538,104.80. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,762,371 shares of company stock valued at $38,664,183. 73.68% of the stock is owned by insiders.
Institutional Investors Weigh In On Intuitive Machines
A number of hedge funds have recently made changes to their positions in LUNR. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the third quarter worth about $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines during the 2nd quarter worth approximately $35,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth approximately $85,000. SG Americas Securities LLC purchased a new position in Intuitive Machines in the third quarter valued at approximately $93,000. Finally, Creative Planning purchased a new position in Intuitive Machines in the third quarter valued at approximately $105,000. 72.21% of the stock is currently owned by 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.
Read More
- Five stocks we like better than Intuitive Machines
- What Are Dividend Achievers? An Introduction
- The Latest 13F Filings Are In: See Where Big Money Is Flowing
- What Investors Need to Know About Upcoming IPOs
- 3 Penny Stocks Ready to Break Out in 2025
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential
Receive News & Ratings for Intuitive Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Machines and related companies with MarketBeat.com's FREE daily email newsletter.