Investors Buy High Volume of Intuitive Machines Call Options (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading on Thursday. Investors acquired 34,007 call options on the stock. This is an increase of 50% compared to the typical volume of 22,715 call options.

Analysts Set New Price Targets

Several research firms recently issued reports on LUNR. Deutsche Bank Aktiengesellschaft set a $18.00 price target on Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a report on Wednesday. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and an average price target of $15.50.

Insider Transactions at Intuitive Machines

In other news, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $8.83 per share, for a total transaction of $883,000.00. Following the completion of the purchase, the director directly owned 1,931,248 shares of the company’s stock, valued at $17,052,919.84. This represents a 5.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in shares of Intuitive Machines during the third quarter worth approximately $123,000. PharVision Advisers LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at approximately $405,000. XTX Topco Ltd raised its stake in Intuitive Machines by 950.7% during the 3rd quarter. XTX Topco Ltd now owns 193,544 shares of the company’s stock valued at $2,036,000 after acquiring an additional 175,124 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Intuitive Machines by 177.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock worth $15,041,000 after acquiring an additional 913,650 shares during the period. Finally, Voleon Capital Management LP bought a new position in shares of Intuitive Machines in the third quarter worth $480,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Down 1.7%

LUNR stock opened at $11.21 on Friday. The stock has a market cap of $2.02 billion, a PE ratio of -4.54 and a beta of 1.44. The firm’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $10.56. Intuitive Machines has a fifty-two week low of $6.14 and a fifty-two week high of $24.95.

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.