Squarepoint Ops LLC Acquires New Shares in Intuitive Machines, Inc. (NASDAQ:LUNR)

Squarepoint Ops LLC bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 162,510 shares of the company’s stock, valued at approximately $536,000. Squarepoint Ops LLC owned about 0.13% of Intuitive Machines at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Intuitive Machines in the first quarter worth about $67,000. Rhumbline Advisers acquired a new stake in shares of Intuitive Machines during the second quarter worth about $119,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at about $119,000. Finally, Deuterium Capital Management LLC acquired a new position in shares of Intuitive Machines in the 1st quarter valued at approximately $125,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR opened at $7.12 on Thursday. The firm has a 50 day simple moving average of $5.65 and a two-hundred day simple moving average of $5.11. The company has a market cap of $887.38 million, a P/E ratio of 17.37 and a beta of 0.34. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. On average, analysts expect that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, SVP Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,425,843.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Timothy Price Crain II sold 74,423 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,425,843.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen J. Altemus sold 203,018 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total transaction of $919,671.54. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $4,126,463.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,973,746 shares of company stock valued at $28,581,000. 73.68% of the stock is currently owned by company 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.