BNP Paribas Financial Markets Purchases New Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

BNP Paribas Financial Markets purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,122 shares of the company’s stock, valued at approximately $1,818,000.

Several other large investors have also added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Intuitive Machines by 8.3% in the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock valued at $244,000 after acquiring an additional 1,026 shares in the last quarter. Quarry LP bought a new position in shares of Intuitive Machines during the 4th quarter worth approximately $44,000. Bank of New York Mellon Corp lifted its position in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock worth $1,285,000 after buying an additional 2,499 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after buying an additional 3,381 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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 target price on the stock. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a “buy” rating in a research report on Wednesday. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday. B. Riley reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Roth Mkm dropped 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

Insider Buying and Selling at Intuitive Machines

In other news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction on 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. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 271,090 shares of company stock worth $3,106,565 over the last ninety days. 73.68% of the stock is currently owned by company insiders.

Intuitive Machines Price Performance

Shares of LUNR opened at $12.36 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of -4.20 and a beta of 1.32. The stock’s fifty day moving average price is $8.32 and its two-hundred day moving average price is $13.15. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million during the quarter, compared to analysts’ expectations of $66.07 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal 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.