Northeast Financial Consultants Inc Makes New Investment in Intuitive Machines, Inc. $LUNR

Key Points

• Northeast Financial Consultants Inc has acquired 30,000 shares of Intuitive Machines, Inc. during the first quarter, with the investment valued at approximately $224,000.
• Institutional investors currently own 72.21% of Intuitive Machines, with various firms, including Philadelphia Trust Co. and Invesco Ltd., increasing their holdings significantly.
• Despite the stock receiving several buy ratings from analysts, Intuitive Machines reported disappointing earnings, missing consensus estimates and setting a price target of $15.10.

Northeast Financial Consultants Inc purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $224,000.

Several other large investors also recently modified their holdings of the stock. Philadelphia Trust Co. raised its position in shares of Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock valued at $82,000 after purchasing an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock valued at $312,000 after purchasing an additional 1,566 shares during the period. Invesco Ltd. raised its position in shares of Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company's stock valued at $120,000 after purchasing an additional 2,643 shares during the period. Freedom Investment Management Inc. raised its position in shares of Intuitive Machines by 30.4% in the first quarter. Freedom Investment Management Inc. now owns 14,061 shares of the company's stock valued at $105,000 after purchasing an additional 3,281 shares during the period. Finally, Corebridge Financial Inc. raised its position in shares of Intuitive Machines by 35.7% in the first quarter. Corebridge Financial Inc. now owns 20,489 shares of the company's stock valued at $153,000 after purchasing an additional 5,391 shares during the period. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reissued a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Cantor Fitzgerald increased their price objective 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. Bank of America decreased their price target on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Finally, Craig Hallum began coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Intuitive Machines Trading Down 0.6%

LUNR stock opened at $8.44 on Tuesday. The stock has a market capitalization of $1.51 billion, a P/E ratio of -2.60 and a beta of 1.38. Intuitive Machines, Inc. has a 12 month low of $4.95 and a 12 month high of $24.95. The firm has a 50-day moving average price of $10.33 and a 200-day moving average price of $9.99.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The firm 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 predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $42,111,954.40. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 161,016 shares of company stock valued at $1,997,001 over the last three months. 39.75% 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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