Marshall Wace LLP Purchases Shares of 77,047 Intuitive Machines, Inc. (NASDAQ:LUNR)

Marshall Wace LLP acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 77,047 shares of the company's stock, valued at approximately $1,399,000. Marshall Wace LLP owned 0.05% of Intuitive Machines as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Intuitive Machines in the 4th quarter valued at $218,000. Barclays PLC boosted its position in shares of Intuitive Machines by 155.1% in the fourth quarter. Barclays PLC now owns 95,215 shares of the company's stock valued at $1,730,000 after acquiring an additional 57,892 shares during the period. Renaissance Technologies LLC grew its stake in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after acquiring an additional 609,118 shares in the last quarter. Invesco Ltd. increased its position in Intuitive Machines by 8.3% during the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after acquiring an additional 1,026 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Intuitive Machines by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 21,344 shares of the company's stock worth $388,000 after purchasing an additional 4,889 shares in the last quarter. 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 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 in the company, valued at approximately $3,384,628.32. This trade 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 can be accessed through this link. Also, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 73.68% of the company's stock.

Intuitive Machines Trading Up 7.9 %

Intuitive Machines stock traded up $0.68 during midday trading on Friday, reaching $9.30. The company's stock had a trading volume of 12,159,800 shares, compared to its average volume of 12,207,963. The stock has a market cap of $1.66 billion, a PE ratio of -3.16 and a beta of 1.32. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $13.04.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. As a group, research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective on the stock. Bank of America began coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price for the company. Canaccord Genuity Group decreased their price target on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.00.

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.