Vanguard Group Inc. Boosts Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Vanguard Group Inc. boosted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,047,538 shares of the company's stock after acquiring an additional 1,017,706 shares during the period. Vanguard Group Inc. owned 2.88% of Intuitive Machines worth $73,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LUNR. Intech Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $318,000. LBP AM SA increased its stake in shares of Intuitive Machines by 78.2% in the 4th quarter. LBP AM SA now owns 71,866 shares of the company's stock valued at $1,305,000 after purchasing an additional 31,544 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Intuitive Machines during the 4th quarter worth $357,000. Victory Capital Management Inc. acquired a new stake in Intuitive Machines in the fourth quarter valued at about $183,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Intuitive Machines by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company's stock worth $1,993,000 after acquiring an additional 5,970 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LUNR has been the subject of several recent research reports. Roth Mkm decreased their price target 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. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Canaccord Genuity Group lowered their target price on shares of 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. Finally, Cantor Fitzgerald decreased their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research note 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines Trading Down 4.2 %

Shares of NASDAQ:LUNR traded down $0.33 during midday trading on Wednesday, reaching $7.47. The company had a trading volume of 1,065,651 shares, compared to its average volume of 11,920,490. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The company's 50 day moving average price is $11.44 and its 200 day moving average price is $12.96. The stock has a market cap of $1.33 billion, a P/E ratio of -2.53 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted 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 company had revenue of $54.66 million for the quarter, compared to analysts' expectations of $72.58 million. Research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. The trade was a 7.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock worth $589,489 over the last three months. Company 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.