Intuitive Machines, Inc. (NASDAQ:LUNR) Position Reduced by Stifel Financial Corp

Stifel Financial Corp cut its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,001 shares of the company's stock after selling 31,265 shares during the quarter. 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 modified their holdings of the stock. Van ECK Associates Corp acquired a new stake in Intuitive Machines during the fourth quarter worth about $3,403,000. Entropy Technologies LP purchased a new position in shares of Intuitive Machines in the 4th quarter valued at about $895,000. Spire Wealth Management acquired a new stake in Intuitive Machines during the 4th quarter worth $469,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $244,000. Finally, Headlands Technologies LLC increased its position in Intuitive Machines by 161,529.8% in the 4th quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock valued at $4,432,000 after acquiring an additional 243,910 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

LUNR has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday. Bank of America assumed 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 for the company. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Moderate Buy" and an average target price of $16.44.

Intuitive Machines Trading Up 1.8%

LUNR stock traded up $0.22 during midday trading on Friday, hitting $12.05. 5,139,428 shares of the company's stock were exchanged, compared to its average volume of 12,414,252. The firm has a 50 day moving average price of $8.21 and a 200-day moving average price of $13.09. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -4.10 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.

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

Insider Buying and Selling at Intuitive Machines

In related news, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at $3,384,628.32. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 271,090 shares of company stock worth $3,106,565. 73.68% of the stock is owned by company insiders.

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.