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

Voloridge Investment Management LLC acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 207,462 shares of the company's stock, valued at approximately $3,768,000. Voloridge Investment Management LLC owned approximately 0.15% of Intuitive Machines at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LUNR. Vanguard Group Inc. lifted its position in Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after buying an additional 1,017,706 shares in the last quarter. Two Sigma Investments LP bought a new stake in Intuitive Machines during the 4th quarter worth about $33,255,000. Renaissance Technologies LLC lifted its position in Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after buying an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in 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 worth $21,102,000 after buying an additional 1,133,581 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock worth $20,437,000 after buying an additional 191,733 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Performance

LUNR traded down $0.52 on Friday, reaching $11.43. The company had a trading volume of 6,218,516 shares, compared to its average volume of 12,592,894. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock has a market cap of $2.04 billion, a P/E ratio of -3.89 and a beta of 1.32. The company's fifty day moving average is $9.11 and its 200 day moving average is $13.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The company had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. On average, sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LUNR. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America began coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective on the stock. Finally, Benchmark restated a "buy" rating and set a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.06.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now owns 3,494,768 shares of the company's stock, valued at $42,286,692.80. The trade was a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter Mcgrath sold 72,168 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the sale, the chief financial officer now directly owns 366,824 shares of the company's stock, valued at $4,401,888. This represents a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 271,090 shares of company stock valued at $3,106,565 in the last quarter. Company insiders own 73.68% of the company's stock.

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.