Vanguard Group Inc. Acquires 373,741 Shares of Intuitive Machines, Inc. $LUNR

Key Points

• Vanguard Group Inc. increased its stake in Intuitive Machines, Inc. by 9.2%, now holding 4,421,279 shares valued at approximately $32.94 million.
• The company's latest earnings report showed a loss of ($0.11) EPS, falling short of analyst expectations, with revenue of $50.31 million against a forecast of $69.19 million.
• Institutional investors now own 72.21% of Intuitive Machines, while the stock received mixed ratings from analysts, averaging a "Moderate Buy" with a consensus price target of $15.10.

Vanguard Group Inc. lifted its position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,421,279 shares of the company's stock after purchasing an additional 373,741 shares during the quarter. Vanguard Group Inc. owned about 2.48% of Intuitive Machines worth $32,939,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LUNR. JPMorgan Chase & Co. increased its holdings in shares of Intuitive Machines by 63.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,645 shares of the company's stock worth $375,000 after purchasing an additional 8,041 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Intuitive Machines by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 21,344 shares of the company's stock worth $388,000 after purchasing an additional 4,889 shares during the period. Invesco Ltd. increased its holdings in shares of Intuitive Machines by 8.3% in the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after purchasing an additional 1,026 shares during the period. Barclays PLC increased its stake in Intuitive Machines by 155.1% in the fourth quarter. Barclays PLC now owns 95,215 shares of the company's stock valued at $1,730,000 after acquiring an additional 57,892 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Intuitive Machines by 28.1% in the fourth quarter. First Trust Advisors LP now owns 40,883 shares of the company's stock valued at $742,000 after acquiring an additional 8,967 shares during the last quarter. Institutional investors own 72.21% of the company's stock.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 201,270 shares of company stock valued at $2,481,659 in the last ninety days. Company insiders own 39.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LUNR. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Cantor Fitzgerald increased their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Bank of America reduced their target price on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. Barclays began coverage on Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating on the stock. Finally, UBS Group reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.10.

Intuitive Machines Trading Down 1.5%

Shares of NASDAQ:LUNR traded down $0.13 on Monday, reaching $8.77. 4,871,229 shares of the company traded hands, compared to its average volume of 8,421,410. The business's 50-day simple moving average is $10.57 and its 200 day simple moving average is $10.45. The stock has a market capitalization of $1.57 billion, a P/E ratio of -2.71 and a beta of 1.38. Intuitive Machines, Inc. has a 52 week low of $4.72 and a 52 week high of $24.95.

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