Monashee Investment Management LLC Buys Shares of 235,000 Intuitive Machines, Inc. (NASDAQ:LUNR)

Monashee Investment Management LLC acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 235,000 shares of the company's stock, valued at approximately $4,268,000. Intuitive Machines comprises approximately 0.6% of Monashee Investment Management LLC's holdings, making the stock its 17th largest holding. Monashee Investment Management LLC owned 0.17% of Intuitive Machines at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in Intuitive Machines during the 4th quarter valued at about $44,000. Jones Financial Companies Lllp raised its stake in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC raised 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 acquiring an additional 3,300 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Intuitive Machines in the fourth quarter valued at $183,000. Finally, Freedom Investment Management Inc. acquired a new position in Intuitive Machines during the 4th quarter worth $196,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday, March 25th. Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price on the stock. Finally, Cantor Fitzgerald lowered 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines Trading Down 2.5 %

Shares of NASDAQ LUNR traded down $0.24 during trading hours on Monday, reaching $9.07. The stock had a trading volume of 2,184,531 shares, compared to its average volume of 12,168,269. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -3.07 and a beta of 1.32. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm has a 50-day moving average of $8.67 and a 200-day moving average of $13.04.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $72.58 million. On average, equities analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Activity

In related news, CFO Peter Mcgrath sold 37,906 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This trade 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 available at this link. Also, insider Steven Vontur sold 4,528 shares of the company'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 transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 73.68% of the company's stock.

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.