Sierra Summit Advisors LLC Takes Position in Intuitive Machines, Inc. $LUNR

Sierra Summit Advisors LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 47,561 shares of the company’s stock, valued at approximately $883,000.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Intuitive Machines in the 4th quarter valued at about $28,000. Larson Financial Group LLC boosted its position 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 period. GAMMA Investing LLC boosted its position in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after purchasing an additional 781 shares during the period. CWM LLC increased its stake in shares of Intuitive Machines by 406.4% in the fourth 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. Finally, Sunbelt Securities Inc. increased its stake in shares of Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after purchasing an additional 1,738 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 analysts recently commented on LUNR shares. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, KeyCorp raised their price target on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. 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. According to MarketBeat, Intuitive Machines has a consensus rating of “Hold” and an average price target of $31.50.

Intuitive Machines Price Performance

Shares of LUNR opened at $19.58 on Friday. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The stock has a market cap of $4.25 billion, a PE ratio of -22.25 and a beta of 1.78. The business’s 50-day moving average price is $28.79 and its 200-day moving average price is $22.38.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Analysts expect that Intuitive Machines, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen J. Altemus sold 13,751 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $324,661.11. Following the completion of the transaction, the chief executive officer directly owned 1,162,495 shares in the company, valued at $27,446,506.95. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $20.43, for a total transaction of $2,899,200.87. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $71,398,110.24. The trade was a 3.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,208,436 shares of company stock valued at $32,795,395. 54.10% of the stock is owned by company insiders.

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.