Swiss National Bank Makes New Investment in Intuitive Machines, Inc. $LUNR

Swiss National Bank acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 161,500 shares of the company’s stock, valued at approximately $1,203,000. Swiss National Bank owned approximately 0.09% of Intuitive Machines as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after purchasing an additional 373,741 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at approximately $33,255,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Intuitive Machines by 3,991.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after purchasing an additional 1,133,581 shares in the last quarter. ARK Investment Management LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $5,531,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at approximately $9,133,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $8.86 on Tuesday. Intuitive Machines, Inc. has a 52-week low of $4.50 and a 52-week high of $24.95. The firm has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $10.73. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -2.73 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million for the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $12.05, for a total transaction of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at approximately $42,111,954.40. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 201,270 shares of company stock worth $2,481,659. 39.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LUNR shares. UBS Group restated a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Barclays started coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They issued a “neutral” rating on the stock. Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. Finally, Zacks Research upgraded shares of Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.10.

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.