MYDA Advisors LLC Purchases New Holdings in Intuitive Machines, Inc. $LUNR

MYDA Advisors LLC purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Intuitive Machines by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after purchasing an additional 717,256 shares during the last quarter. Trustees of the University of Pennsylvania bought a new position in Intuitive Machines in the 4th quarter worth about $52,689,000. UBS Group AG grew its stake in Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock worth $50,238,000 after acquiring an additional 557,517 shares in the last quarter. Geode Capital Management LLC grew its stake in Intuitive Machines by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock worth $44,399,000 after acquiring an additional 61,084 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after acquiring an additional 415,359 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Insider Transactions at Intuitive Machines

In other news, CFO Peter Mcgrath sold 24,554 shares of the company’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 $579,719.94. Following the completion of the sale, the chief financial officer owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Price Crain II sold 8,447 shares of the company’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 $199,433.67. Following the completion of the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $8,293,697.19. The trade was a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,208,436 shares of company stock worth $30,867,376. Insiders own 54.10% of the company’s stock.

Intuitive Machines Stock Performance

Shares of LUNR opened at $26.62 on Monday. The company has a 50 day moving average price of $29.89 and a 200-day moving average price of $21.33. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock has a market capitalization of $5.78 billion, a PE ratio of -30.25 and a beta of 1.68.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. Equities research analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on LUNR shares. Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial upped their target price on shares of Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 target price 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

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.