Northeast Financial Consultants Inc Acquires New Shares 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 stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company's stock, valued at approximately $224,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Intuitive Machines by 97,862.5% during the 1st quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock valued at $580,000 after purchasing an additional 7,829 shares during the period. Rossby Financial LCC acquired a new position in shares of Intuitive Machines in the 1st quarter worth $67,000. PharVision Advisers LLC acquired a new position in shares of Intuitive Machines in the 4th quarter worth $185,000. Sigma Planning Corp acquired a new position in shares of Intuitive Machines in the 1st quarter worth $78,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Intuitive Machines in the 1st quarter worth $81,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LUNR shares. Bank of America decreased their target price on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a report on Monday, August 25th. UBS Group restated a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Canaccord Genuity Group decreased their target price on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Craig Hallum started coverage on Intuitive Machines in a report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th. Eight equities research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.10.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This trade represents a 1.14% 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. Insiders sold a total of 161,016 shares of company stock valued at $1,997,001 over the last ninety days. Company insiders own 39.75% of the company's stock.

Intuitive Machines Stock Up 3.1%

Shares of Intuitive Machines stock traded up $0.26 during midday trading on Friday, hitting $8.78. The company's stock had a trading volume of 4,580,390 shares, compared to its average volume of 5,109,855. The firm has a market capitalization of $1.57 billion, a P/E ratio of -2.71 and a beta of 1.38. The stock has a 50-day simple moving average of $10.15 and a 200-day simple moving average of $9.79. Intuitive Machines, Inc. has a 1-year low of $5.34 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The firm had revenue of $50.31 million during 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 predict that Intuitive Machines, Inc. will post 0.73 earnings per share 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.