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

Soviero Asset Management LP raised its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 65.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,000 shares of the company's stock after purchasing an additional 130,000 shares during the period. Intuitive Machines accounts for 3.7% of Soviero Asset Management LP's holdings, making the stock its 4th biggest position. Soviero Asset Management LP owned about 0.24% of Intuitive Machines worth $5,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of LUNR. Quarry LP acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at about $44,000. Jones Financial Companies Lllp raised its holdings in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth approximately $91,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Intuitive Machines during the 4th quarter worth approximately $183,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $12.36 on Monday. The business has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $13.19. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The stock has a market capitalization of $2.20 billion, a PE ratio of -4.20 and a beta of 1.32.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) 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 analyst estimates of $66.07 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LUNR. Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday, May 14th. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Cantor Fitzgerald raised their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intuitive Machines has an average rating of "Moderate Buy" and a consensus target price of $16.44.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the company's stock in a transaction 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 sale, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction 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 $3,384,628.32. This trade represents a 7.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 271,090 shares of company stock valued at $3,106,565 in the last quarter. 73.68% of the stock is currently owned by corporate insiders.

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.

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