Charles Schwab Investment Management Inc. Increases Position in Intuitive Machines, Inc. $LUNR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 27.7%, acquiring an additional 30,447 shares, bringing its total to 140,208 shares valued at approximately $1,045,000.
• Intuitive Machines reported a loss of ($0.11) earnings per share for the last quarter, missing the consensus estimate of ($0.06) by ($0.05), with revenues of $50.31 million compared to expected $69.19 million.
• The stock currently has a market cap of $1.57 billion, with a one-year high of $24.95 and a low of $4.72; equities analysts have an average rating of "Moderate Buy" with a consensus price target of $15.10.

Charles Schwab Investment Management Inc. raised its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,208 shares of the company's stock after buying an additional 30,447 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.08% of Intuitive Machines worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Palisades Investment Partners LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter worth approximately $2,993,000. Bank of America Corp DE raised its holdings in shares of Intuitive Machines by 209.0% in the fourth quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after buying an additional 38,684 shares during the period. ARK Investment Management LLC purchased a new stake in shares of Intuitive Machines in the first quarter worth approximately $5,531,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Intuitive Machines in the first quarter valued at approximately $1,095,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Intuitive Machines in the first quarter valued at approximately $1,935,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.49, for a total transaction of $543,026.46. Following the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 161,016 shares of company stock worth $1,997,001. 39.75% of the stock is currently owned by insiders.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $0.07 on Friday, hitting $8.49. The stock had a trading volume of 5,696,209 shares, compared to its average volume of 7,565,023. The business's fifty day moving average price is $10.38 and its 200 day moving average price is $10.13. Intuitive Machines, Inc. has a 52-week low of $4.72 and a 52-week high of $24.95. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -2.62 and a beta of 1.38.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million for the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research reports. Barclays assumed coverage on shares of Intuitive Machines in a research report on Thursday, May 22nd. They issued a "neutral" rating for the company. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Cantor Fitzgerald upped their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Craig Hallum started coverage on Intuitive Machines in a report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 target price for the company. Finally, Bank of America lowered their target price on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.10.

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.