Alliancebernstein L.P. Makes New $303,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Alliancebernstein L.P. bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,660 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Intuitive Machines in the fourth quarter worth approximately $3,403,000. Entropy Technologies LP acquired a new stake in shares of Intuitive Machines during the fourth quarter worth approximately $895,000. Spire Wealth Management purchased a new position in Intuitive Machines during the fourth quarter valued at approximately $469,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Intuitive Machines in the 4th quarter valued at approximately $244,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,700 shares of company stock worth $589,489. Company insiders own 73.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. Cantor Fitzgerald reduced their target price on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. Bank of America began coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. B. Riley reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Benchmark reissued a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $7.04 on Tuesday. 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 simple moving average of $10.52 and a 200 day simple moving average of $12.99. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -2.39 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. On average, analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

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.