Goldman Sachs Group Inc. Sells 42,210 Shares of Intuitive Machines, Inc. $LUNR

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Intuitive Machines, Inc. by 8.1% after selling 42,210 shares, holding a total of 480,272 shares worth approximately $3.58 million.
• Several institutional investors have increased their positions in Intuitive Machines, with Charles Schwab Investment Management raising its stake by 27.7% during the same quarter.
• Equities analysts have mixed opinions on Intuitive Machines, with ratings ranging from "strong sell" to "buy", resulting in a consensus rating of "Moderate Buy" with an average target price of $15.44.

Goldman Sachs Group Inc. reduced its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,272 shares of the company's stock after selling 42,210 shares during the period. Goldman Sachs Group Inc. owned 0.27% of Intuitive Machines worth $3,578,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in shares of Intuitive Machines during the first quarter worth approximately $67,000. Sigma Planning Corp bought a new stake in Intuitive Machines in the 1st quarter valued at $78,000. Park Avenue Securities LLC acquired a new position in Intuitive Machines in the 1st quarter valued at $81,000. Philadelphia Trust Co. lifted 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 buying an additional 1,000 shares in the last quarter. Finally, IPG Investment Advisors LLC bought a new stake in shares of Intuitive Machines in the first quarter valued at about $89,000. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 161,016 shares of company stock worth $1,997,001 over the last quarter. Corporate insiders own 39.75% of the company's stock.

Analyst Ratings Changes

LUNR has been the topic of a number of recent research reports. Craig Hallum initiated coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price target on the stock. UBS Group reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Bank of America reduced their price target on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research report on Monday, August 25th. Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and an average target price of $15.44.

Intuitive Machines Stock Performance

Shares of LUNR stock traded up $0.42 on Monday, hitting $10.13. The company had a trading volume of 9,908,975 shares, compared to its average volume of 5,226,240. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $24.95. The firm has a market cap of $1.81 billion, a P/E ratio of -3.13 and a beta of 1.38. The stock's 50-day moving average is $9.98 and its two-hundred day moving average is $9.66.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current 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.