Intuitive Machines, Inc. (NASDAQ:LUNR) is Soviero Asset Management LP's 4th Largest Position

Soviero Asset Management LP lifted its position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 65.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 330,000 shares of the company's stock after buying an additional 130,000 shares during the quarter. Intuitive Machines makes up 3.7% of Soviero Asset Management LP's investment portfolio, making the stock its 4th largest holding. Soviero Asset Management LP owned approximately 0.24% of Intuitive Machines worth $5,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Two Sigma Investments LP acquired a new position in Intuitive Machines during the 4th quarter worth $33,255,000. Renaissance Technologies LLC grew its stake in Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after purchasing an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Intuitive Machines by 3,991.5% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock worth $20,437,000 after purchasing an additional 191,733 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LUNR. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Canaccord Genuity Group increased their price objective on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday, May 14th. Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Finally, B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.06.

Insider Transactions at Intuitive Machines

In other news, 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 transaction of $1,948,293.60. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This trade represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 271,090 shares of company stock valued at $3,106,565. Corporate insiders own 73.68% of the company's stock.

Intuitive Machines Stock Performance

Intuitive Machines stock traded down $0.12 during mid-day trading on Friday, reaching $11.34. 3,962,724 shares of the company were exchanged, compared to its average volume of 12,535,166. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm's 50-day simple moving average is $8.76 and its two-hundred day simple moving average is $13.25. The firm has a market cap of $2.02 billion, a PE ratio of -3.86 and a beta of 1.32.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, equities research analysts anticipate 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.