Intuitive Machines, Inc. $LUNR Shares Bought by Charles Schwab Investment Management Inc.

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 position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,208 shares of the company's stock after acquiring an additional 30,447 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.08% of Intuitive Machines worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.05, for a total transaction of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares of the company's stock, valued at $42,111,954.40. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 201,270 shares of company stock worth $2,481,659 over the last three months. Company insiders own 39.75% of the company's stock.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $8.77 on Tuesday. The firm has a fifty day moving average price of $10.55 and a 200 day moving average price of $10.37. Intuitive Machines, Inc. has a 1 year low of $4.72 and a 1 year high of $24.95. The stock has a market cap of $1.57 billion, a PE ratio of -2.71 and a beta of 1.38.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its 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 company had revenue of $50.31 million for the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LUNR shares. UBS Group reiterated a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a research note on Monday, August 11th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Barclays started coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. Finally, Bank of America lowered their price objective on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a research note on Monday, August 25th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.