IHT Wealth Management LLC Buys 3,450 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

IHT Wealth Management LLC raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,191 shares of the company’s stock after buying an additional 3,450 shares during the period. IHT Wealth Management LLC’s holdings in Intuitive Machines were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its stake in shares of Intuitive Machines by 29.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 131,640 shares of the company’s stock worth $2,391,000 after acquiring an additional 29,610 shares during the period. Natixis acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $300,000. First Trust Advisors LP lifted its position in shares of Intuitive Machines by 28.1% in the 4th quarter. First Trust Advisors LP now owns 40,883 shares of the company’s stock worth $742,000 after purchasing an additional 8,967 shares during the period. Freedom Investment Management Inc. bought a new stake in shares of Intuitive Machines in the 4th quarter valued at $196,000. Finally, Marshall Wace LLP acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $1,399,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company’s stock, valued at $3,384,628.32. This trade represents a 7.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,700 shares of company stock worth $589,489. 73.68% of the stock is owned by insiders.

Intuitive Machines Stock Performance

LUNR stock opened at $8.38 on Friday. The business has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $12.93. The company has a market capitalization of $1.49 billion, a P/E ratio of -2.85 and a beta of 1.33. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $72.58 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on LUNR shares. Roth Mkm cut their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Benchmark reaffirmed a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research note on Friday, March 7th. B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.