Sender Co & Partners Inc. Makes New Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Sender Co & Partners Inc. acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,978 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LUNR. Squarepoint Ops LLC acquired a new position in Intuitive Machines during the second quarter valued at $536,000. XTX Topco Ltd purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at about $164,000. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at about $35,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $119,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Intuitive Machines in the second quarter worth about $272,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $7.98 on Friday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 19.46 and a beta of 0.26. The company’s fifty day moving average price is $5.02 and its 200 day moving average price is $4.99. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Sell-side analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $29,041,522.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $29,041,522.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,047,755 shares of company stock worth $28,418,647. Insiders own 73.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Roth Mkm restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley increased their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.60.

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.