Virtu Financial LLC Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Key Points

• Virtu Financial LLC acquired a new position in Intuitive Machines, purchasing approximately 109,468 shares valued at about $816,000.
• Intuitive Machines has seen various institutional investors increase their stakes, with total institutional ownership now at 72.21%.
• Analysts have mixed ratings on Intuitive Machines, with a consensus target price of $15.35, while reports indicate the company missed earnings expectations with a reported EPS of ($0.11).

Virtu Financial LLC bought a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 109,468 shares of the company's stock, valued at approximately $816,000. Virtu Financial LLC owned about 0.06% of Intuitive Machines at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LUNR. Two Sigma Investments LP purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $33,255,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock valued at $21,102,000 after buying an additional 1,133,581 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $5,531,000. Driehaus Capital Management LLC purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $9,133,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Intuitive Machines during the 4th quarter valued at approximately $8,654,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LUNR shares. Barclays initiated coverage on Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a research note on Monday. Cantor Fitzgerald raised their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group reduced their price objective on Intuitive Machines from $21.50 to $19.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines has an average rating of "Hold" and an average price target of $15.35.

Intuitive Machines Stock Up 1.1%

LUNR stock traded up $0.10 during mid-day trading on Friday, reaching $9.09. The company had a trading volume of 12,375,583 shares, compared to its average volume of 10,559,181. The stock has a market capitalization of $1.62 billion, a P/E ratio of -2.81 and a beta of 1.40. Intuitive Machines, Inc. has a one year low of $3.92 and a one year high of $24.95. The stock's 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $11.36.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. On average, research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

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

Intuitive Machines Company 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.