Stifel Financial Corp Invests $525,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

Stifel Financial Corp bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 65,266 shares of the company's stock, valued at approximately $525,000. Stifel Financial Corp owned 0.05% of Intuitive Machines at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LUNR. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines during the third quarter worth about $83,000. Wedbush Securities Inc. acquired a new stake in Intuitive Machines during the 2nd quarter valued at approximately $35,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines during the 3rd quarter worth approximately $85,000. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the 3rd quarter worth approximately $93,000. Finally, Creative Planning bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at $105,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LUNR shares. B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Canaccord Genuity Group lowered their price objective on Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a research report on Friday, December 6th. Roth Mkm restated a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark raised their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Cantor Fitzgerald boosted their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Buy" and an average target price of $14.10.

Intuitive Machines Price Performance

Shares of LUNR stock traded down $0.69 on Friday, reaching $18.39. 15,109,973 shares of the company were exchanged, compared to its average volume of 10,507,285. The company has a 50-day moving average of $11.92 and a 200-day moving average of $7.52. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 0.91. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $19.62.

Insider Buying and Selling

In related news, SVP Timothy Price Crain II sold 400,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company's stock, valued at approximately $4,390,001. This trade represents a 52.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $15.04, for a total value of $5,684,713.92. Following the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at $52,561,310.72. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,702,731 shares of company stock valued at $18,475,694. 73.68% of the stock is owned by company insiders.

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.