Voya Investment Management LLC Invests $11.31 Million in Intuitive Machines, Inc. $LUNR

Key Points

• Voya Investment Management LLC acquired a new stake in Intuitive Machines, purchasing 1,518,219 shares valued at approximately $11.3 million, bringing its ownership to 0.85%.
• Multiple hedge funds have increased their positions in Intuitive Machines, with institutional investors collectively owning 72.21% of the company's stock.
• Analysts have mixed ratings on Intuitive Machines, with a consensus rating of "Moderate Buy" and an average target price of $15.10, despite recent earnings results missing expectations.

Voya Investment Management LLC purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,518,219 shares of the company's stock, valued at approximately $11,311,000. Voya Investment Management LLC owned 0.85% of Intuitive Machines as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LUNR. Gotham Asset Management LLC purchased a new position in shares of Intuitive Machines in the first quarter worth approximately $15,739,000. Two Sigma Investments LP purchased a new position in shares of Intuitive Machines in the fourth quarter worth $33,255,000. ARK Investment Management LLC purchased a new position in shares of Intuitive Machines in the first quarter worth $5,531,000. Nuveen LLC purchased a new position in shares of Intuitive Machines in the first quarter worth $3,808,000. Finally, Palisades Investment Partners LLC purchased a new position in shares of Intuitive Machines in the first quarter worth $2,993,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Up 1.4%

Shares of NASDAQ LUNR traded up $0.13 during midday trading on Friday, reaching $9.71. 8,289,040 shares of the stock were exchanged, compared to its average volume of 5,116,448. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -3.00 and a beta of 1.38. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $24.95. The firm has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $9.69.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly 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 company had revenue of $50.31 million for the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on LUNR shares. UBS Group reissued a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Bank of America reduced their price target on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research report on Monday, August 25th. Craig Hallum began coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective on the stock. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th. Finally, Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.44.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.49, for a total transaction 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 represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 161,016 shares of company stock worth $1,997,001 in the last 90 days. 39.75% of the stock is currently owned by corporate insiders.

About Intuitive Machines

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.