MYDA Advisors LLC Makes New $487,000 Investment in Intuitive Machines, Inc. $LUNR

MYDA Advisors LLC purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNRFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds have also bought and sold shares of LUNR. Invesco Ltd. lifted its stake in Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after purchasing an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares in the last quarter. Caxton Associates LLP purchased a new stake in Intuitive Machines in the 1st quarter worth $139,000. Creative Planning lifted its stake in Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after purchasing an additional 6,886 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Intuitive Machines by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after purchasing an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

LUNR has been the topic of several research analyst reports. B. Riley Financial boosted their price target on shares of Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. KeyCorp upped their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Roth Mkm upped their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.50.

Read Our Latest Stock Analysis on LUNR

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 283,818 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $65,631,743.04. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Altemus sold 13,751 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $324,661.11. Following the transaction, the chief executive officer owned 1,162,495 shares in the company, valued at $27,446,506.95. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,208,436 shares of company stock worth $30,867,376 in the last three months. 54.10% of the stock is owned by insiders.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $26.62 on Monday. The firm’s 50-day moving average price is $29.89 and its 200-day moving average price is $21.33. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of -30.25 and a beta of 1.68. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

Intuitive Machines (NASDAQ:LUNRGet Free Report) 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 firm had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. On average, equities analysts predict that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Intuitive Machines Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LUNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Machines, Inc. (NASDAQ:LUNRFree Report).

Institutional Ownership by Quarter for Intuitive Machines (NASDAQ:LUNR)

Receive News & Ratings for Intuitive Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Machines and related companies with MarketBeat.com's FREE daily email newsletter.