Nations Financial Group Inc. IA ADV Purchases New Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Nations Financial Group Inc. IA ADV acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,430 shares of the company's stock, valued at approximately $244,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after purchasing an additional 222,136 shares in the last quarter. State Street Corp raised its stake in shares of Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after purchasing an additional 7,538 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Intuitive Machines during the 4th quarter worth about $3,403,000. Penserra Capital Management LLC raised its stake in shares of Intuitive Machines by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company's stock worth $1,190,000 after purchasing an additional 20,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock worth $836,000 after purchasing an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now owns 3,494,768 shares of the company's stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 771,632 shares of company stock valued at $12,947,078. 73.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LUNR shares. 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. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective on the stock. Benchmark raised their price objective on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group raised their price objective on Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.83.

Intuitive Machines Stock Down 8.3 %

NASDAQ LUNR traded down $1.64 during trading on Friday, hitting $18.08. The company's stock had a trading volume of 12,807,840 shares, compared to its average volume of 12,078,502. The firm has a 50 day moving average price of $18.92 and a 200 day moving average price of $11.95. The firm has a market cap of $2.54 billion, a P/E ratio of -6.15 and a beta of 0.92. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95.

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.