Bank of America Corp DE Has $1.04 Million Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Bank of America Corp DE lifted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 209.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,192 shares of the company's stock after acquiring an additional 38,684 shares during the period. Bank of America Corp DE's holdings in Intuitive Machines were worth $1,039,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LUNR. Quarry LP acquired a new position in shares of Intuitive Machines in the fourth quarter valued at about $44,000. Jones Financial Companies Lllp grew its stake in shares of Intuitive Machines by 751.3% in 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. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 3,300 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Intuitive Machines in the fourth quarter valued at about $91,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Intuitive Machines in the fourth quarter valued at about $183,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Barclays initiated coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective on the stock. Finally, Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.06.

Insider Transactions at Intuitive Machines

In related news, CFO Peter Mcgrath sold 72,168 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 366,824 shares in the company, valued at $4,401,888. This trade represents a 16.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director now owns 3,494,768 shares of the company's stock, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is currently owned by insiders.

Intuitive Machines Trading Up 7.6%

LUNR stock opened at $11.71 on Friday. The stock has a market capitalization of $2.09 billion, a P/E ratio of -3.98 and a beta of 1.47. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $13.30.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to analysts' expectations of $66.07 million. As a group, equities analysts predict 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.

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