Stifel Financial Corp Sells 31,265 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Stifel Financial Corp reduced its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,001 shares of the company's stock after selling 31,265 shares during the period. Stifel Financial Corp's holdings in Intuitive Machines were worth $617,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after buying an additional 3,300 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Intuitive Machines during the fourth quarter valued at about $183,000. Freedom Investment Management Inc. acquired a new position in shares of Intuitive Machines during the fourth quarter valued at about $196,000. Finally, XTX Topco Ltd bought a new stake in shares of Intuitive Machines during the fourth quarter worth about $218,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the transaction, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 73.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Mkm dropped their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday. Finally, Canaccord Genuity Group raised their price objective on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.44.

Intuitive Machines Stock Up 1.7%

LUNR stock traded up $0.20 during midday trading on Wednesday, hitting $11.83. The company's stock had a trading volume of 17,201,894 shares, compared to its average volume of 12,372,560. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -4.02 and a beta of 1.32. The stock's 50-day moving average price is $8.04 and its 200 day moving average price is $13.07. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share 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 the consensus estimate of $66.07 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

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.