Raiffeisen Bank International AG Takes Position in Intuitive Machines, Inc. $LUNR

Raiffeisen Bank International AG bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the second quarter, Holdings Channel.com reports. The fund bought 170,000 shares of the company’s stock, valued at approximately $3,565,000.

Other large investors also recently modified their holdings of the company. Nykredit A S bought a new stake in Intuitive Machines during the 2nd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in Intuitive Machines in the 4th quarter valued at $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines in the 1st quarter worth $39,000. Larson Financial Group LLC boosted its holdings in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares during the last quarter. Finally, CWM LLC grew its position in Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after purchasing an additional 2,337 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Stock Up 0.7%

Shares of NASDAQ LUNR opened at $14.81 on Friday. The company has a market cap of $3.39 billion, a P/E ratio of -15.59 and a beta of 1.85. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The business has a 50-day simple moving average of $15.98 and a two-hundred day simple moving average of $21.72.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $212.32 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.6 EPS for the current year.

Insider Transactions at Intuitive Machines

In related news, major shareholder International L.P. Advent sold 11,495,514 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. The trade was a 50.00% 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. Also, Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director directly owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,407,363 shares of company stock worth $165,432,504. 54.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on LUNR. Cantor Fitzgerald decreased their price objective on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Bank of America lifted their target price on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, August 31st. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Stifel Nicolaus raised Intuitive Machines from a “hold” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $26.00 in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Intuitive Machines Profile

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.