15,000 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Bought by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. purchased a new position in Intuitive Machines during the second quarter valued at $35,000. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at about $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $67,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines during the 3rd quarter valued at approximately $83,000. Finally, SG Americas Securities LLC purchased a new stake in Intuitive Machines in the 3rd quarter worth approximately $93,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Monday, September 30th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.60.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $7.74 on Wednesday. The firm has a market cap of $994.98 million, a price-to-earnings ratio of -9.44 and a beta of 0.35. The firm has a fifty day moving average price of $7.16 and a 200 day moving average price of $5.43. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. As a group, research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 344,893 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $28,028,039.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Stephen J. Altemus sold 440,288 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.03, for a total value of $2,654,936.64. Following the completion of the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $5,492,841.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.02, for a total value of $2,766,041.86. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $28,028,039.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,037,166 shares of company stock worth $30,116,704 in the last quarter. 73.68% of the stock is owned by corporate insiders.

Intuitive Machines 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.