Alliancebernstein L.P. Makes New Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Alliancebernstein L.P. purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,660 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors have also recently made changes to their positions in LUNR. Tealwood Asset Management Inc. boosted its holdings in Intuitive Machines by 4.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock valued at $380,000 after purchasing an additional 900 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Intuitive Machines by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after buying an additional 2,499 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Intuitive Machines by 201.6% in the fourth 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 during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Intuitive Machines by 751.3% in the fourth 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 during the last quarter. Finally, Rhumbline Advisers raised its position in Intuitive Machines by 15.1% during the fourth quarter. Rhumbline Advisers now owns 43,648 shares of the company’s stock valued at $793,000 after acquiring an additional 5,735 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LUNR. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target on the stock. Cantor Fitzgerald reduced their price target on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Roth Mkm reduced their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company 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 five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Stock Performance

LUNR stock opened at $7.04 on Tuesday. The stock’s 50 day moving average price is $10.52 and its 200 day moving average price is $12.99. The firm has a market cap of $1.26 billion, a P/E ratio of -2.39 and a beta of 1.33. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. On average, research analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now directly owns 438,992 shares of the company’s stock, valued at approximately $3,384,628.32. This represents a 7.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,700 shares of company stock worth $589,489 in the last 90 days. 73.68% of the stock is owned by company insiders.

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.