Spire Wealth Management Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Spire Wealth Management purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,814 shares of the company's stock, valued at approximately $469,000.

Several other institutional investors have also recently made changes to their positions in LUNR. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter valued at $85,000. SG Americas Securities LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at $93,000. Creative Planning acquired a new stake in Intuitive Machines in the 3rd quarter valued at $105,000. Finally, LMR Partners LLP acquired a new stake in Intuitive Machines in the 3rd quarter valued at $110,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Trading Down 5.1 %

LUNR traded down $0.99 on Friday, hitting $18.40. The company had a trading volume of 11,630,130 shares, compared to its average volume of 12,584,175. The firm has a market cap of $2.58 billion, a P/E ratio of -6.26 and a beta of 0.92. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The company's fifty day moving average price is $17.57 and its 200 day moving average price is $10.94.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several recent research reports. Benchmark lifted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Canaccord Genuity Group boosted their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday. They set an "underperform" rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.83.

Insider Activity at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 61,432 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.00, for a total transaction of $675,752.00. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,020,109. This represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Vontur sold 9,266 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares of the company's stock, valued at $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,367,104 shares of company stock worth $19,912,186. Company insiders own 73.68% of the company's stock.

Intuitive Machines 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.