DnB Asset Management AS Trims Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

DnB Asset Management AS trimmed its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,802 shares of the company’s stock after selling 10,454 shares during the period. DnB Asset Management AS’s holdings in Intuitive Machines were worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares during the last quarter. Van ECK Associates Corp purchased a new position in Intuitive Machines during the 4th quarter worth approximately $3,403,000. Entropy Technologies LP acquired a new position in Intuitive Machines during the fourth quarter worth approximately $895,000. Spire Wealth Management purchased a new stake in Intuitive Machines in the fourth quarter valued at approximately $469,000. Finally, Stifel Financial Corp acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $525,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LUNR. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research report on Friday, March 7th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Cantor Fitzgerald dropped their target price on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Insiders Place Their Bets

In other news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction that occurred 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 owns 104,272 shares of the company’s stock, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 73.68% of the stock is currently owned by company insiders.

Intuitive Machines Price Performance

LUNR opened at $8.31 on Thursday. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The stock has a market capitalization of $1.17 billion, a P/E ratio of -2.83 and a beta of 1.01. The business has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $13.01.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $72.58 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

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.