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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Intuitive Machines during the 4th quarter worth about $44,000. Rossby Financial LCC bought a new stake in shares of Intuitive Machines during the 1st quarter worth about $67,000. Sigma Planning Corp bought a new stake in shares of Intuitive Machines during the 1st quarter worth about $78,000. Park Avenue Securities LLC bought a new stake in shares of Intuitive Machines during the 1st quarter worth about $81,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of Intuitive Machines during the 1st quarter worth about $89,000. 72.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th. Barclays began coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating on the stock. Canaccord Genuity Group dropped their target price on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Finally, Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Intuitive Machines Stock Down 1.5%

Shares of Intuitive Machines stock traded down $0.13 during trading on Friday, hitting $8.77. The stock had a trading volume of 4,871,229 shares, compared to its average volume of 8,489,500. The stock has a 50 day simple moving average of $10.57 and a 200 day simple moving average of $10.51. The company has a market capitalization of $1.57 billion, a PE ratio of -2.71 and a beta of 1.40. Intuitive Machines, Inc. has a 1 year low of $4.72 and a 1 year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released 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 analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at $42,111,954.40. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 201,270 shares of company stock valued at $2,481,659 over the last quarter. Company 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.