Leonteq Securities AG Makes New $402,000 Investment in Intuitive Machines, Inc. $LUNR

Leonteq Securities AG bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,781 shares of the company’s stock, valued at approximately $402,000.

Several other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 781 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after purchasing an additional 886 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 1,016 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Intuitive Machines by 3.6% during the fourth quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock valued at $558,000 after purchasing an additional 1,200 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Intuitive Machines by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 19,994 shares of the company’s stock valued at $325,000 after purchasing an additional 1,280 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Performance

LUNR stock opened at $38.26 on Friday. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $38.55. The business’s 50-day moving average is $25.06 and its two-hundred day moving average is $18.61. The company has a market cap of $8.29 billion, a price-to-earnings ratio of -43.48 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. Equities analysts predict that Intuitive Machines, Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LUNR. Cantor Fitzgerald upped their price target on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday. KeyCorp upped their price target on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 price target on shares of Intuitive Machines in a report on Wednesday. Finally, Roth Mkm upped their price target on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Intuitive Machines has an average rating of “Hold” and a consensus target price of $31.50.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 283,818 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at $65,631,743.04. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the sale, the chief executive officer owned 1,162,495 shares of the company’s stock, valued at approximately $27,446,506.95. The trade was 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. Insiders sold a total of 1,048,206 shares of company stock worth $24,782,839 in the last ninety days. Insiders own 54.10% of the company’s stock.

Intuitive Machines Company 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.