2,112,674 Shares in Intuitive Machines, Inc. $LUNR Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC acquired over 2.1 million shares of Intuitive Machines, Inc., valued at approximately $15.7 million, representing a 1.18% ownership stake.
• Several other institutional investors have also increased their stakes in Intuitive Machines, leading to approximately 72.21% of the company's stock being owned by hedge funds and institutional investors.
• Analysts have varied views on Intuitive Machines, with recent ratings including a downgrade from Bank of America to an "underperform" position and an average price target of $15.10.

Gotham Asset Management LLC acquired a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,112,674 shares of the company's stock, valued at approximately $15,739,000. Gotham Asset Management LLC owned 1.18% of Intuitive Machines as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LUNR. Two Sigma Investments LP acquired a new stake in Intuitive Machines in the fourth quarter worth about $33,255,000. D. E. Shaw & Co. Inc. lifted its holdings in Intuitive Machines by 3,991.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the period. ARK Investment Management LLC acquired a new stake in Intuitive Machines in the first quarter worth about $5,531,000. Nuveen LLC acquired a new stake in Intuitive Machines in the first quarter worth about $3,808,000. Finally, Driehaus Capital Management LLC acquired a new stake in Intuitive Machines in the fourth quarter worth about $9,133,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LUNR. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Craig Hallum started coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective for the company. UBS Group restated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Finally, Barclays started coverage on shares of Intuitive Machines in a research report on Thursday, May 22nd. They set a "neutral" rating for the company. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.10.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 161,016 shares of company stock worth $1,997,001 over the last ninety days. 39.75% of the stock is currently owned by corporate insiders.

Intuitive Machines Trading Down 0.4%

LUNR stock traded down $0.03 during mid-day trading on Tuesday, reaching $8.41. 3,408,590 shares of the stock traded hands, compared to its average volume of 10,087,326. Intuitive Machines, Inc. has a 52-week low of $5.34 and a 52-week high of $24.95. The company has a market cap of $1.50 billion, a P/E ratio of -2.60 and a beta of 1.38. The stock's fifty day moving average is $10.28 and its 200-day moving average is $9.98.

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