Price T Rowe Associates Inc. MD Invests $217,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

Price T Rowe Associates Inc. MD purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,896 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LUNR. Jones Financial Companies Lllp increased its position in Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after purchasing an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Intuitive Machines during the 4th quarter worth approximately $183,000. Freedom Investment Management Inc. acquired a new position in Intuitive Machines during the 4th quarter worth approximately $196,000. Finally, XTX Topco Ltd acquired a new position in Intuitive Machines during the 4th quarter worth approximately $218,000. Institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $42,286,692.80. This trade represents a 4.40% 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. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the transaction, the chief financial officer now directly owns 438,992 shares in the company, valued at $3,384,628.32. This trade represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 271,090 shares of company stock valued at $3,106,565 over the last ninety days. 73.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LUNR. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm lowered 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. Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, B. Riley restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.44.

Intuitive Machines Stock Up 4.5%

LUNR opened at $12.36 on Friday. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a fifty day moving average of $8.32 and a 200-day moving average of $13.12. The stock has a market cap of $2.20 billion, a PE ratio of -4.20 and a beta of 1.32.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

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.