Park Avenue Securities LLC Makes New $81,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Park Avenue Securities LLC purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,915 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds have also made changes to their positions in the company. Quarry LP bought a new position in shares of Intuitive Machines in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its stake in Intuitive Machines by 751.3% in 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 during the period. Steward Partners Investment Advisory LLC lifted 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 buying an additional 3,300 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Intuitive Machines in the 4th quarter valued at about $91,000. Finally, GAMMA Investing LLC raised its holdings in shares of Intuitive Machines by 97,862.5% in the 1st quarter. GAMMA Investing LLC now owns 7,837 shares of the company’s stock valued at $580,000 after purchasing an additional 7,829 shares during the period. Institutional investors own 72.21% of the company’s stock.

Insider Activity

In related news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines 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 completion of the transaction, the chief financial officer now directly owns 438,992 shares of the company’s stock, valued at $3,384,628.32. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $12.04, for a total transaction of $484,658.16. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,077,006.72. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 311,344 shares of company stock valued at $3,591,223. Corporate insiders own 39.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LUNR. B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Barclays assumed coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They issued a “neutral” rating on the stock. Roth Mkm decreased their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.06.

Intuitive Machines Stock Up 3.7%

LUNR opened at $10.84 on Tuesday. The company’s 50-day moving average price is $9.90 and its two-hundred day moving average price is $13.14. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -3.69 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current 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.