BNP Paribas Financial Markets Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

BNP Paribas Financial Markets acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,122 shares of the company’s stock, valued at approximately $1,818,000. BNP Paribas Financial Markets owned 0.07% of Intuitive Machines as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in Intuitive Machines in the fourth quarter valued at $44,000. Jones Financial Companies Lllp increased its holdings in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after purchasing an additional 3,300 shares during the period. Ancora Advisors LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at $91,000. Finally, Victory Capital Management Inc. acquired a new stake in Intuitive Machines in the fourth quarter valued at $183,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $42,286,692.80. This trade represents a 4.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares of the company’s stock, valued at approximately $3,384,628.32. This represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 271,090 shares of company stock worth $3,106,565 in the last three months. Company insiders own 73.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LUNR. Roth Mkm decreased their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Canaccord Genuity Group increased their price objective on Intuitive Machines from $21.00 to $21.50 and gave the company a “buy” rating in a report on Wednesday. Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday. B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Bank of America started coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

Intuitive Machines Price Performance

Shares of LUNR opened at $12.36 on Friday. The stock has a 50-day moving average of $8.32 and a 200-day moving average of $13.15. The company has a market cap of $2.20 billion, a PE ratio of -4.20 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 issued its earnings results on Tuesday, May 13th. The company reported ($0.20) 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 the consensus estimate of $66.07 million. Analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Intuitive Machines Company 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.