Leonteq Securities AG Makes New Investment in Intuitive Machines, Inc. $LUNR

Leonteq Securities AG purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,781 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares in the last quarter. Sigma Planning Corp increased its position in Intuitive Machines by 8.8% in the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after buying an additional 886 shares in the last quarter. Larson Financial Group LLC increased its position in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares in the last quarter. Handelsbanken Fonder AB increased its position in Intuitive Machines by 3.6% in the fourth quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock worth $558,000 after buying an additional 1,200 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Intuitive Machines by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 19,994 shares of the company’s stock worth $325,000 after buying an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LUNR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday. B. Riley Financial increased their target price on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. KeyCorp increased their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Finally, Roth Mkm increased their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.50.

Intuitive Machines Trading Up 11.7%

NASDAQ:LUNR opened at $38.26 on Friday. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $38.55. The stock has a 50-day moving average price of $25.06 and a 200 day moving average price of $18.61. The stock has a market capitalization of $8.29 billion, a P/E ratio of -43.48 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last released 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 company had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. On average, research analysts predict that Intuitive Machines, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the transaction, the chief financial officer owned 401,246 shares in the company, valued at $9,473,418.06. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 of the company’s stock, valued at $27,446,506.95. This represents a 1.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,048,206 shares of company stock worth $24,782,839. 54.10% of the stock is owned by corporate insiders.

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.