GAMMA Investing LLC Increases Stock Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

GAMMA Investing LLC raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 97,862.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,837 shares of the company’s stock after purchasing an additional 7,829 shares during the quarter. GAMMA Investing LLC’s holdings in Intuitive Machines were worth $580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LUNR. Van ECK Associates Corp purchased a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $3,403,000. Rhumbline Advisers grew its stake in shares of Intuitive Machines by 15.1% in the 4th quarter. Rhumbline Advisers now owns 43,648 shares of the company’s stock valued at $793,000 after purchasing an additional 5,735 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $244,000. Thompson Davis & CO. Inc. purchased a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $495,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $355,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LUNR shares. 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 target for the company. Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a report on Tuesday, March 25th. Barclays started coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a “neutral” rating for the company. B. Riley reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group raised their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a “buy” rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and a consensus target price of $16.06.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $12.04, for a total transaction of $484,658.16. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $42,077,006.72. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was 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 directly owns 438,992 shares of the company’s stock, valued at approximately $3,384,628.32. This trade represents a 7.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 311,344 shares of company stock worth $3,591,223 in the last three months. 39.75% of the stock is owned by company insiders.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $10.16 on Thursday. The business’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $13.10. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -3.72 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million during the quarter, compared to analysts’ expectations of $66.07 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

About Intuitive Machines

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.