Park Avenue Securities LLC Grows Stock Position in Intuitive Machines, Inc. $LUNR

Park Avenue Securities LLC boosted its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 30.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,258 shares of the company’s stock after purchasing an additional 3,343 shares during the period. Park Avenue Securities LLC’s holdings in Intuitive Machines were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new position in shares of Intuitive Machines in the first quarter valued at $67,000. Sigma Planning Corp purchased a new position in shares of Intuitive Machines in the first quarter valued at $78,000. Philadelphia Trust Co. grew its position in shares of Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares in the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Intuitive Machines in the first quarter valued at $89,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Intuitive Machines in the first quarter valued at $91,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on LUNR. UBS Group reiterated a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Craig Hallum initiated coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They set a “buy” rating and a $17.00 price objective for the company. Bank of America dropped their price objective on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a research note on Monday, August 25th. Zacks Research raised Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Finally, Canaccord Genuity Group dropped their price objective on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

Intuitive Machines Stock Up 5.7%

Shares of LUNR stock opened at $11.22 on Friday. The business has a 50-day moving average price of $9.73 and a two-hundred day moving average price of $9.80. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The firm has a market cap of $2.01 billion, a P/E ratio of -3.46 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.05, for a total value of $970,121.40. Following the transaction, the director owned 3,494,768 shares in the company, valued at approximately $42,111,954.40. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 161,016 shares of company stock valued at $1,997,001 in the last quarter. 39.75% of the stock is currently owned by insiders.

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.