LPL Financial LLC Sells 54,249 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

LPL Financial LLC reduced its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,551 shares of the company's stock after selling 54,249 shares during the quarter. LPL Financial LLC's holdings in Intuitive Machines were worth $282,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC grew 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 worth $90,000 after acquiring an additional 3,300 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Intuitive Machines in the fourth quarter worth approximately $183,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $244,000. Finally, Barclays PLC lifted its position in Intuitive Machines by 275.2% during the third quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after purchasing an additional 27,376 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price for the company. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research report on Friday, March 7th. Finally, Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Intuitive Machines Stock Up 7.9 %

LUNR traded up $0.68 during midday trading on Friday, reaching $9.30. The company had a trading volume of 12,159,800 shares, compared to its average volume of 12,207,963. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The company has a market cap of $1.66 billion, a P/E ratio of -3.16 and a beta of 1.33. The business has a 50-day moving average of $8.67 and a two-hundred day moving average of $13.01.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Activity

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now directly owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value 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 trade represents a 7.95 % decrease in their position. The disclosure for this sale can be found here. 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.