100,122 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 100,122 shares of the company's stock, valued at approximately $1,818,000. BNP Paribas Financial Markets owned 0.07% of Intuitive Machines as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after purchasing an additional 609,118 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $8,654,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $5,600,000. Finally, Headlands Technologies LLC raised its position in shares of Intuitive Machines by 161,529.8% in the 4th quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock valued at $4,432,000 after purchasing an additional 243,910 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Price Performance

Shares of LUNR stock traded down $0.12 on Friday, hitting $11.34. 3,962,724 shares of the stock traded hands, compared to its average volume of 12,535,166. The company has a market capitalization of $2.02 billion, a PE ratio of -3.86 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. The company's fifty day moving average is $8.76 and its 200 day moving average is $13.25.

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 (EPS) for the quarter, missing the consensus estimate 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 year.

Insiders Place Their Bets

In related news, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, 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. Insiders have sold 271,090 shares of company stock valued at $3,106,565 over the last three months. Company insiders own 73.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LUNR shares. 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. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price on the stock. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Barclays began coverage on Intuitive Machines in a research report on Thursday. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.06.

Intuitive Machines 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.