Intuitive Machines, Inc. (NASDAQ:LUNR) Stake Boosted by Sanders Morris Harris LLC

Sanders Morris Harris LLC raised its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 99.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,155 shares of the company's stock after buying an additional 24,455 shares during the quarter. Sanders Morris Harris LLC's holdings in Intuitive Machines were worth $366,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of Intuitive Machines by 55.7% during the fourth quarter. SG Americas Securities LLC now owns 18,046 shares of the company's stock worth $328,000 after purchasing an additional 6,454 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $469,000. Entropy Technologies LP acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $895,000. Van ECK Associates Corp acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $3,403,000. Finally, Rhumbline Advisers boosted its holdings in shares of Intuitive Machines by 15.1% during the fourth quarter. Rhumbline Advisers now owns 43,648 shares of the company's stock worth $793,000 after purchasing an additional 5,735 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LUNR. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Bank of America began coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. Barclays began coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price on the stock. Finally, Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Intuitive Machines currently has a consensus rating of "Moderate Buy" and an average target price of $16.06.

Insider Transactions at Intuitive Machines

In related news, CFO Peter Mcgrath sold 37,906 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at $3,384,628.32. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing 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 dated Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is currently owned by insiders.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR traded down $0.07 during midday trading on Thursday, reaching $10.99. 2,540,881 shares of the company's stock were exchanged, compared to its average volume of 12,647,034. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The stock has a market capitalization of $1.96 billion, a PE ratio of -3.74 and a beta of 1.47. The business's fifty day moving average price is $9.31 and its two-hundred day moving average price is $13.31.

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

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.