Penserra Capital Management LLC Has $2.37 Million Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

Penserra Capital Management LLC raised its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 59.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318,408 shares of the company's stock after buying an additional 118,894 shares during the quarter. Penserra Capital Management LLC owned about 0.18% of Intuitive Machines worth $2,372,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LUNR. Invesco Ltd. lifted its holdings in shares of Intuitive Machines by 8.3% during the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company's stock valued at $244,000 after purchasing an additional 1,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Intuitive Machines by 10.0% during the 4th 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 in the last quarter. Quarry LP bought a new stake in Intuitive Machines in the 4th quarter valued at approximately $44,000. Bank of New York Mellon Corp lifted its stake in Intuitive Machines by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after acquiring an additional 2,499 shares in the last quarter. Finally, 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 valued at $90,000 after acquiring an additional 3,300 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays assumed coverage on Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating on the stock. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Canaccord Genuity Group boosted their price target on Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald boosted 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. Finally, Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Intuitive Machines presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.06.

Intuitive Machines Stock Up 1.8%

Shares of LUNR stock traded up $0.20 during trading on Thursday, reaching $11.06. 4,289,531 shares of the company's stock were exchanged, compared to its average volume of 10,713,104. The stock has a market capitalization of $1.97 billion, a PE ratio of -4.06 and a beta of 1.41. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm's fifty day moving average price is $10.79 and its 200-day moving average price is $12.88.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) EPS 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 analysts' expectations of $66.07 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $1,948,293.60. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the transaction, the chief financial officer 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. Over the last ninety days, insiders sold 311,344 shares of company stock worth $3,591,223. 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.