Vontobel Holding Ltd. Has $188,000 Position in Intuitive Machines, Inc. $LUNR

Vontobel Holding Ltd. reduced its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,285 shares of the company’s stock after selling 967 shares during the period. Vontobel Holding Ltd.’s holdings in Intuitive Machines were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Intuitive Machines by 27.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock valued at $1,045,000 after acquiring an additional 30,447 shares in the last quarter. Swiss National Bank acquired a new position in Intuitive Machines in the 1st quarter valued at $1,203,000. Palisades Investment Partners LLC acquired a new position in Intuitive Machines in the 1st quarter valued at $2,993,000. Jump Financial LLC acquired a new position in Intuitive Machines in the 1st quarter valued at $1,900,000. Finally, ARK Investment Management LLC acquired a new position in Intuitive Machines in the 1st quarter valued at $5,531,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.49, for a total value of $543,026.46. Following the sale, the director owned 3,494,768 shares in the company, valued at approximately $47,144,420.32. The trade was a 1.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 39.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LUNR. Bank of America dropped their price objective on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a report on Monday, August 25th. Canaccord Genuity Group lowered their price target on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating on shares of Intuitive Machines in a report on Monday, August 18th. Finally, Craig Hallum initiated coverage on Intuitive Machines in a report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.44.

Intuitive Machines Trading Down 7.0%

NASDAQ LUNR opened at $12.88 on Thursday. The business’s 50-day moving average price is $9.89 and its two-hundred day moving average price is $10.07. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $24.95. The firm has a market capitalization of $2.30 billion, a PE ratio of -3.98 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR) last released 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 business had revenue of $50.31 million during the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Intuitive Machines Company 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.