Swiss National Bank Takes $1.20 Million Position in Intuitive Machines, Inc. $LUNR

Key Points

• The Swiss National Bank acquired 161,500 shares of Intuitive Machines, Inc. ($LUNR), investing approximately $1.2 million, which represents a 0.09% ownership as of the latest SEC filing.
• Intuitive Machines reported a net loss of ($0.11) earnings per share for the last quarter, falling short of analyst expectations, with revenue of $50.31 million compared to an expected $69.19 million.
• Currently, about 72.21% of Intuitive Machines' stock is held by institutional investors, with various hedge funds increasing their stakes in the company.

Swiss National Bank bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 161,500 shares of the company's stock, valued at approximately $1,203,000. Swiss National Bank owned approximately 0.09% of Intuitive Machines as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Intuitive Machines in the fourth quarter worth $44,000. Rossby Financial LCC purchased a new position in shares of Intuitive Machines in the first quarter worth $67,000. Sigma Planning Corp purchased a new position in shares of Intuitive Machines in the first quarter worth $78,000. Park Avenue Securities LLC purchased a new position in shares of Intuitive Machines in the first quarter worth $81,000. Finally, IPG Investment Advisors LLC purchased a new position in shares of Intuitive Machines in the first quarter worth $89,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.49, for a total value of $543,026.46. Following the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 201,270 shares of company stock valued at $2,481,659 over the last quarter. Corporate insiders own 39.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LUNR. Cantor Fitzgerald boosted their target price 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. Canaccord Genuity Group dropped their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Barclays started coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. Finally, UBS Group reiterated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.10.

Intuitive Machines Price Performance

Shares of LUNR traded down $0.13 during midday trading on Friday, hitting $8.77. The stock had a trading volume of 4,871,229 shares, compared to its average volume of 8,421,410. Intuitive Machines, Inc. has a 1 year low of $4.72 and a 1 year high of $24.95. The firm has a market cap of $1.57 billion, a PE ratio of -2.71 and a beta of 1.38. The stock's 50 day moving average is $10.57 and its 200 day moving average is $10.45.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The firm had revenue of $50.31 million for the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal 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.