30,000 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Acquired by Pacific Point Advisors LLC

Pacific Point Advisors LLC acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company's stock, valued at approximately $224,000.

A number of other institutional investors also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Intuitive Machines during the fourth quarter worth about $44,000. Jones Financial Companies Lllp increased its stake in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after acquiring an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC acquired a new position in shares of Intuitive Machines during the fourth quarter worth about $91,000. Finally, GAMMA Investing LLC increased its stake in shares of Intuitive Machines by 97,862.5% during the first quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock worth $580,000 after acquiring an additional 7,829 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded down $0.38 on Monday, hitting $10.41. The company's stock had a trading volume of 5,820,722 shares, compared to its average volume of 12,946,475. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.41. The stock has a 50 day moving average of $10.66 and a 200-day moving average of $12.93.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. Sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LUNR shares. Roth Mkm decreased their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Benchmark reissued a "buy" rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.06.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $12.04, for a total transaction of $484,658.16. Following the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $42,077,006.72. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Mcgrath sold 72,168 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the transaction, the chief financial officer directly owned 366,824 shares in the company, valued at $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 311,344 shares of company stock worth $3,591,223 in the last ninety days. Insiders own 39.75% of the company's stock.

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.