Intuitive Machines, Inc. $LUNR Shares Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. boosted its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 526,378 shares of the company’s stock after purchasing an additional 39,626 shares during the period. Amova Asset Management Americas Inc.’s holdings in Intuitive Machines were worth $8,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LUNR. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter valued at $28,000. Larson Financial Group LLC lifted its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the last quarter. CWM LLC lifted its position in shares of Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter valued at $104,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Stock Down 7.6%

Shares of NASDAQ:LUNR opened at $27.47 on Wednesday. The company’s fifty day moving average is $29.31 and its two-hundred day moving average is $20.92. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75. The company has a market cap of $5.96 billion, a P/E ratio of -31.22 and a beta of 1.68.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.35 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 8,447 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $199,433.67. Following the completion of the sale, the senior vice president directly owned 351,279 shares in the company, valued at approximately $8,293,697.19. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the sale, the chief financial officer owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,208,436 shares of company stock worth $30,867,376. Insiders own 54.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.50.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.