23,907 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Acquired by Arizona State Retirement System

Arizona State Retirement System bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,907 shares of the company's stock, valued at approximately $178,000.

Several other large investors have also made changes to their positions in the business. Quarry LP acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at about $44,000. Rossby Financial LCC acquired a new stake in Intuitive Machines in the first quarter valued at approximately $67,000. Park Avenue Securities LLC acquired a new stake in Intuitive Machines in the first quarter valued at approximately $81,000. Ancora Advisors LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $91,000. Finally, Teacher Retirement System of Texas acquired a new stake in Intuitive Machines during the first quarter worth approximately $91,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LUNR. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Bank of America cut their price target on Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating for the company in a research note on Wednesday, July 16th. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Craig Hallum began coverage on shares of Intuitive Machines in a report on Tuesday. They issued a "buy" rating and a $17.00 target price for the company. Finally, Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.60.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $12.02, for a total value of $483,853.08. Following the sale, the director directly owned 3,494,768 shares of the company's stock, valued at $42,007,111.36. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total value of $866,016.00. Following the sale, the chief financial officer directly owned 366,824 shares in the company, valued at approximately $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 394,200 shares of company stock worth $4,752,942 in the last 90 days. Company insiders own 39.75% of the company's stock.

Intuitive Machines Stock Up 0.3%

Shares of LUNR stock opened at $11.28 on Wednesday. The firm has a market capitalization of $2.01 billion, a P/E ratio of -4.13 and a beta of 1.41. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The stock's fifty day simple moving average is $11.12 and its 200 day simple moving average is $12.50.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The company had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. As a group, equities research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

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.

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