Penserra Capital Management LLC Sells 81,849 Shares of Intuitive Machines, Inc. $LUNR

Penserra Capital Management LLC trimmed its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 25.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,559 shares of the company’s stock after selling 81,849 shares during the period. Penserra Capital Management LLC owned about 0.13% of Intuitive Machines worth $2,571,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after buying an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after acquiring an additional 1,127 shares during the period. Sigma Planning Corp acquired a new stake in shares of Intuitive Machines during the 1st quarter worth approximately $78,000. Philadelphia Trust Co. increased its position in shares of Intuitive Machines by 10.0% during the first 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 during the period. Finally, IPG Investment Advisors LLC acquired a new position in shares of Intuitive Machines in the first quarter valued at $89,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Up 0.3%

Shares of Intuitive Machines stock opened at $9.59 on Monday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -2.96 and a beta of 1.42. The firm’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $10.61. Intuitive Machines, Inc. has a 1-year low of $6.14 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The firm had revenue of $50.31 million during the quarter, compared to analyst estimates of $69.19 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on LUNR. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the stock a “buy” rating in a research note on Friday, October 17th. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus initiated coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They set a “buy” rating and a $18.00 price target for the company. Bank of America lowered their price objective on 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, Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.40.

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.