Numerai GP LLC Makes New $339,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Numerai GP LLC bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,656 shares of the company’s stock, valued at approximately $339,000.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Intuitive Machines in the 4th quarter worth about $44,000. Jones Financial Companies Lllp increased its holdings in Intuitive Machines by 751.3% during the 4th 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 position in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after acquiring an additional 3,300 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Intuitive Machines in the fourth quarter valued at about $91,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Intuitive Machines in the fourth quarter valued at about $183,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LUNR. B. Riley reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Cantor Fitzgerald increased their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday. Roth Mkm reduced their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Finally, Bank of America assumed coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Intuitive Machines Stock Performance

LUNR stock opened at $11.83 on Friday. The company has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $13.09. The stock has a market capitalization of $2.11 billion, a P/E ratio of -4.02 and a beta of 1.32. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data 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 firm had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. Research analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total transaction of $866,016.00. Following the sale, the chief financial officer now directly owns 366,824 shares of the company’s stock, valued at approximately $4,401,888. This trade represents a 16.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,090 shares of company stock valued at $3,106,565. 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.