207,462 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 207,462 shares of the company's stock, valued at approximately $3,768,000. Voloridge Investment Management LLC owned about 0.15% of Intuitive Machines as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Soviero Asset Management LP boosted its stake in shares of Intuitive Machines by 65.0% in the 4th quarter. Soviero Asset Management LP now owns 330,000 shares of the company's stock worth $5,993,000 after buying an additional 130,000 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $4,971,000. Two Sigma Investments LP purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $33,255,000. Numerai GP LLC purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $339,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Intuitive Machines by 10.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock worth $312,000 after buying an additional 1,566 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LUNR shares. Benchmark reiterated a "buy" rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Barclays began coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. Bank of America began coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.06.

Intuitive Machines Trading Down 4.4%

Shares of Intuitive Machines stock traded down $0.52 during trading on Friday, hitting $11.43. The stock had a trading volume of 6,218,516 shares, compared to its average volume of 12,683,079. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -3.89 and a beta of 1.32. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The business's 50-day moving average is $9.15 and its 200 day moving average is $13.35.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $66.07 million. As a group, equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 271,090 shares of company stock worth $3,106,565. Corporate insiders own 73.68% 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.