Inscription Capital LLC Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Inscription Capital LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,706 shares of the company's stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp lifted its holdings in 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 buying an additional 3,381 shares during the period. Park Avenue Securities LLC acquired a new position in Intuitive Machines in the first quarter valued at $81,000. Steward Partners Investment Advisory LLC lifted its holdings in 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 buying an additional 3,300 shares during the period. Finally, Ancora Advisors LLC acquired a new position in Intuitive Machines in the fourth quarter valued at $91,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Roth Mkm dropped their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target on the stock. Finally, Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.06.

Insiders Place Their Bets

In other news, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the sale, the chief financial officer now directly owns 366,824 shares of the company's stock, valued at $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 311,344 shares of company stock worth $3,591,223. Insiders own 39.75% of the company's stock.

Intuitive Machines Trading Up 0.2%

LUNR stock traded up $0.02 during trading on Friday, reaching $10.18. 7,904,257 shares of the stock were exchanged, compared to its average volume of 12,890,352. The firm's 50 day moving average is $10.07 and its 200 day moving average is $13.05. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a market cap of $1.82 billion, a P/E ratio of -3.73 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

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.