273,716 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 273,716 shares of the company's stock, valued at approximately $4,971,000. Two Sigma Advisers LP owned approximately 0.20% of Intuitive Machines as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Intuitive Machines during the 4th quarter valued at $44,000. Jones Financial Companies Lllp grew its stake 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 worth $70,000 after acquiring an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC raised 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 valued at $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC purchased a new position in Intuitive Machines during the fourth quarter valued at approximately $91,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Intuitive Machines during the fourth quarter worth about $183,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective 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 company a "buy" rating in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. Barclays assumed coverage on Intuitive Machines in a research report on Thursday, May 22nd. They issued a "neutral" rating on the stock. Finally, B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Intuitive Machines has an average rating of "Moderate Buy" and an average target price of $16.06.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR traded down $0.35 during midday trading on Friday, hitting $11.60. The company had a trading volume of 2,725,762 shares, compared to its average volume of 12,579,494. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -3.97 and a beta of 1.32. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The business's 50-day simple moving average is $9.11 and its 200-day simple moving average is $13.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In related news, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total transaction of $866,016.00. Following the transaction, the chief financial officer now directly owns 366,824 shares in the company, valued at approximately $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm'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 completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is owned by insiders.

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.