Park Avenue Securities LLC Has $155,000 Stock Holdings in Intuitive Machines, Inc. $LUNR

Park Avenue Securities LLC grew its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 30.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,258 shares of the company’s stock after buying an additional 3,343 shares during the period. Park Avenue Securities LLC’s holdings in Intuitive Machines were worth $155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LUNR. Rossby Financial LCC acquired a new stake in shares of Intuitive Machines in the first quarter valued at about $67,000. Sigma Planning Corp bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $78,000. Philadelphia Trust Co. boosted its position in shares of Intuitive Machines by 10.0% during the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares in the last quarter. IPG Investment Advisors LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $89,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Up 5.7%

Shares of LUNR opened at $11.22 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -3.46 and a beta of 1.41. The stock has a 50 day moving average of $9.73 and a 200 day moving average of $9.80. Intuitive Machines, Inc. has a 12 month low of $6.14 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 161,016 shares of company stock worth $1,997,001 over the last three months. Company insiders own 39.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LUNR. UBS Group restated a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Zacks Research upgraded Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. Craig Hallum began coverage on Intuitive Machines in a report on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. Bank of America cut their price target on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a report on Monday, August 25th. Finally, Canaccord Genuity Group cut their price target on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

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.