Driehaus Capital Management LLC Acquires New Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Driehaus Capital Management LLC purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 502,903 shares of the company's stock, valued at approximately $9,133,000. Driehaus Capital Management LLC owned about 0.36% of Intuitive Machines as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Intuitive Machines in the 4th quarter worth about $44,000. Jones Financial Companies Lllp lifted its position in Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after acquiring an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after purchasing an additional 3,300 shares during the period. Ancora Advisors LLC purchased a new stake in Intuitive Machines during the 4th quarter worth $91,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Intuitive Machines during the fourth quarter valued at about $183,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LUNR. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Bank of America began coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price for the company. Finally, Roth Capital set a $20.00 target price on Intuitive Machines in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded up $2.13 during midday trading on Tuesday, reaching $11.63. The company had a trading volume of 35,711,876 shares, compared to its average volume of 12,353,115. The company has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $13.08. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -3.96 and a beta of 1.32. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. Analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Peter Mcgrath sold 37,906 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares of the company's stock, valued at $3,384,628.32. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 73.68% of the company's stock.

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.