Voya Investment Management LLC Purchases New Stake in Intuitive Machines, Inc. $LUNR

Voya Investment Management LLC purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,518,219 shares of the company’s stock, valued at approximately $11,311,000. Voya Investment Management LLC owned 0.85% of Intuitive Machines as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Intuitive Machines by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after buying an additional 373,741 shares during the period. Gotham Asset Management LLC purchased a new position in Intuitive Machines in the first quarter valued at approximately $15,739,000. Two Sigma Investments LP purchased a new position in Intuitive Machines in the fourth quarter valued at approximately $33,255,000. ARK Investment Management LLC purchased a new position in Intuitive Machines in the first quarter valued at approximately $5,531,000. Finally, Nuveen LLC purchased a new position in Intuitive Machines in the first quarter valued at approximately $3,808,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LUNR. Craig Hallum assumed coverage on shares of Intuitive Machines in a report on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. Zacks Research upgraded shares of Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Barclays assumed coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They set a “neutral” rating on the stock. Bank of America dropped their price objective on shares of Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a research note on Monday, August 25th. Finally, UBS Group reiterated a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Intuitive Machines Trading Up 1.2%

Shares of NASDAQ:LUNR opened at $9.15 on Wednesday. The company has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $9.74. The firm has a market cap of $1.64 billion, a PE ratio of -2.82 and a beta of 1.38. Intuitive Machines, Inc. has a 12-month low of $5.34 and a 12-month high of $24.95.

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

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at $42,111,954.40. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 161,016 shares of company stock valued at $1,997,001 over the last three months. Insiders own 39.75% of the company’s stock.

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.