Jump Financial LLC Purchases New Stake in Intuitive Machines, Inc. $LUNR

Key Points

• Jump Financial LLC acquired a new stake in Intuitive Machines, Inc. by purchasing 255,001 shares valued at approximately $1.9 million, representing 0.14% ownership as of the end of the reporting period.
• Insider trading activity saw Director Kamal Seyed Ghaffarian selling 40,254 shares for over $543,000, reducing their ownership by 1.14% while insiders collectively sold 201,270 shares worth nearly $2.5 million in the last ninety days.
• Intuitive Machines reported a quarterly loss of ($0.11) earnings per share, missing analyst estimates, with revenue of $50.31 million compared to expectations of $69.19 million, leading to varying analyst price ratings for its stock.

Jump Financial LLC purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 255,001 shares of the company's stock, valued at approximately $1,900,000. Jump Financial LLC owned 0.14% of Intuitive Machines at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Intuitive Machines in the fourth quarter worth $44,000. Rossby Financial LCC purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at about $67,000. Sigma Planning Corp bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $78,000. Park Avenue Securities LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $81,000. Finally, Philadelphia Trust Co. grew its holdings in shares of Intuitive Machines by 10.0% during the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Intuitive Machines to a "strong sell" rating in a research note on Monday, August 11th. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Barclays began coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They set a "neutral" rating for the company. Bank of America reduced their target price on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. Finally, Cantor Fitzgerald lifted their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and an average price target of $15.10.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $47,144,420.32. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 201,270 shares of company stock worth $2,481,659. Corporate insiders own 39.75% of the company's stock.

Intuitive Machines Stock Performance

Shares of LUNR stock traded down $0.06 on Tuesday, hitting $8.71. 4,326,601 shares of the company's stock traded hands, compared to its average volume of 8,175,814. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -2.69 and a beta of 1.38. The company's fifty day simple moving average is $10.52 and its 200 day simple moving average is $10.36. Intuitive Machines, Inc. has a one year low of $4.72 and a one year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million for the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share 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.