Vanguard Group Inc. Increases Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Vanguard Group Inc. raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,047,538 shares of the company's stock after buying an additional 1,017,706 shares during the period. Vanguard Group Inc. owned about 2.88% of Intuitive Machines worth $73,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines in the 3rd quarter worth $85,000. Steward Partners Investment Advisory LLC increased its stake in shares of Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after buying an additional 3,300 shares during the period. Victory Capital Management Inc. purchased a new stake in Intuitive Machines in the fourth quarter worth about $183,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in Intuitive Machines during the 4th quarter worth about $244,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 73.68% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LUNR shares. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald lowered their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Finally, Bank of America initiated coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.00.

Intuitive Machines Price Performance

NASDAQ LUNR traded down $0.14 during trading on Tuesday, hitting $7.59. The company's stock had a trading volume of 4,009,105 shares, compared to its average volume of 14,046,039. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The company has a market cap of $1.35 billion, a PE ratio of -2.58 and a beta of 1.33. The business's 50 day simple moving average is $11.67 and its 200-day simple moving average is $13.00.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analysts' expectations of $72.58 million. Analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

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.