Oppenheimer & Co. Inc. Purchases Shares of 90,150 Intuitive Machines, Inc. (NASDAQ:LUNR)

Oppenheimer & Co. Inc. purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 90,150 shares of the company’s stock, valued at approximately $1,637,000.

A number of other hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after purchasing an additional 2,499 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Intuitive Machines during the 4th quarter valued at approximately $355,000. Thompson Davis & CO. Inc. acquired a new position in Intuitive Machines during the 4th quarter valued at approximately $495,000. AlphaCentric Advisors LLC increased its stake in Intuitive Machines by 66.7% during the 4th quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the company’s stock valued at $454,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Intuitive Machines during the 4th quarter valued at approximately $244,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $13.46 on Tuesday. The company’s fifty day moving average price is $19.13 and its 200 day moving average price is $12.56. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The company has a market capitalization of $1.89 billion, a PE ratio of -4.58 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and an average price target of $16.14.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 393,659 shares of company stock valued at $7,262,364. Corporate insiders own 73.68% of the company’s stock.

About Intuitive Machines

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.