Counterpoint Mutual Funds LLC Makes New Investment in Intuitive Machines, Inc. $LUNR

Counterpoint Mutual Funds LLC purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) during the first quarter, Holdings Channel reports. The institutional investor purchased 48,958 shares of the company’s stock, valued at approximately $909,000.

A number of other institutional investors also recently modified their holdings of LUNR. International Assets Investment Management LLC bought a new position in Intuitive Machines during the fourth quarter worth $28,000. Larson Financial Group LLC boosted its position in Intuitive Machines by 63.2% during the fourth 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 boosted its position in Intuitive Machines by 41.5% during the fourth 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 grew its holdings in Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Intuitive Machines by 144.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after acquiring an additional 1,738 shares during the period. 72.21% of the stock is owned by institutional investors.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 13,751 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the transaction, the chief executive officer owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $20.43, for a total value of $2,899,200.87. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at $71,398,110.24. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,208,436 shares of company stock valued at $32,795,395. 54.10% of the stock is currently owned by corporate insiders.

Intuitive Machines Stock Performance

LUNR opened at $19.58 on Friday. The company has a fifty day moving average price of $28.79 and a two-hundred day moving average price of $22.38. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The company has a market cap of $4.25 billion, a P/E ratio of -22.25 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. On average, research analysts forecast that Intuitive Machines, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LUNR shares. Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Cantor Fitzgerald upped their target price on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research note on Wednesday, May 20th. Eight 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’s stock. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Hold” and a consensus price target 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.