Intuitive Machines, Inc. $LUNR Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,932,960 shares of the company’s stock, valued at approximately $98,725,000. Mirae Asset Global Investments Co. Ltd. owned approximately 3.03% of Intuitive Machines at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LUNR. Tema ETFs LLC grew its holdings in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after purchasing an additional 3,102,854 shares during the period. Tidal Investments LLC purchased a new position in shares of Intuitive Machines during the second quarter valued at approximately $64,452,000. Renaissance Technologies LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $35,895,000. Bank of America Corp DE boosted its position in shares of Intuitive Machines by 188.9% in the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after purchasing an additional 1,231,188 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Intuitive Machines by 28.8% in the 1st quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock worth $12,200,000 after purchasing an additional 147,095 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $10.67 on Friday. The firm’s 50 day moving average price is $13.86 and its 200-day moving average price is $19.70. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $46.75. The company has a market cap of $2.44 billion, a PE ratio of -11.23 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. On average, analysts forecast that Intuitive Machines, Inc. will post -0.60 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 3,050 shares of Intuitive Machines stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the completion of the sale, the insider owned 113,997 shares of the company’s stock, valued at approximately $1,838,771.61. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $27,168.00. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $55,916,288. The trade was a 0.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 658,711 shares of company stock worth $10,402,436. Insiders own 54.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LUNR. B. Riley Financial cut their price target on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, October 15th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research note on Monday, September 21st. Finally, Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and reduced their price target for the company from $32.00 to $26.00 in a report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.50.

Intuitive Machines Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates spacecraft, lunar landers, and related systems designed to support missions to the Moon and other destinations. Its offerings include lunar payload delivery, spacecraft and satellite components, communications and navigation services, and data products for government and commercial customers.

Intuitive Machines is a major participant in NASA’s Commercial Lunar Payload Services program, under which it delivers scientific and technology payloads to the lunar surface.