Penserra Capital Management LLC Buys 118,894 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

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

Several other institutional investors and hedge funds also recently made changes to their positions in LUNR. Quarry LP bought a new stake in shares of Intuitive Machines during the fourth quarter worth $44,000. Rossby Financial LCC bought a new position in Intuitive Machines during the first quarter worth about $67,000. Jones Financial Companies Lllp lifted its holdings in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Intuitive Machines during the first quarter worth $81,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Intuitive Machines by 201.6% during 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. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Price Performance

LUNR stock traded up $0.18 during mid-day trading on Wednesday, reaching $10.86. 5,772,255 shares of the company traded hands, compared to its average volume of 12,970,718. The firm's 50 day moving average price is $10.74 and its 200 day moving average price is $12.89. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

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

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 72,168 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the sale, the chief financial officer directly owned 366,824 shares of the company's stock, valued at $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $42,286,692.80. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 311,344 shares of company stock valued at $3,591,223 in the last quarter. 39.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several analyst reports. Barclays started coverage on shares of Intuitive Machines in a research report on Thursday, May 22nd. They set a "neutral" rating on the stock. Canaccord Genuity Group boosted 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. Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th. Cantor Fitzgerald raised their price objective on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Finally, Roth Mkm cut their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.06.

Intuitive Machines Profile

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.