Intuitive Machines Target of Unusually Large Options Trading (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 40,760 call options on the stock. This represents an increase of approximately 77% compared to the typical volume of 23,053 call options.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of research analyst reports. Craig Hallum began coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 price target on the stock. Canaccord Genuity Group cut their target price on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. UBS Group restated a “buy” rating on shares of Intuitive Machines in a report on Monday, August 18th. Zacks Research upgraded shares of Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. Finally, Bank of America cut their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a research note on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two 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 $15.44.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $42,111,954.40. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 161,016 shares of company stock valued at $1,997,001. 39.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its holdings 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 valued at $30,000 after purchasing an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after purchasing an additional 1,127 shares in the last quarter. Rossby Financial LCC purchased a new stake in Intuitive Machines in the 1st quarter valued at about $67,000. Sigma Planning Corp purchased a new stake in Intuitive Machines in the 1st quarter valued at about $78,000. Finally, Park Avenue Securities LLC bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $81,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Up 5.7%

Shares of LUNR stock opened at $11.22 on Friday. The firm has a fifty day simple moving average of $9.73 and a two-hundred day simple moving average of $9.80. Intuitive Machines has a 12 month low of $6.14 and a 12 month high of $24.95. The firm has a market capitalization of $2.01 billion, a PE ratio of -3.46 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The business had revenue of $50.31 million for the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

About Intuitive Machines

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.