Rossby Financial LCC Acquires 4,851 Shares of Intuitive Machines, Inc. $LUNR

Rossby Financial LCC boosted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 54.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,804 shares of the company’s stock after purchasing an additional 4,851 shares during the quarter. Rossby Financial LCC’s holdings in Intuitive Machines were worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Philadelphia Trust Co. boosted its stake in Intuitive Machines by 10.0% in the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock worth $82,000 after purchasing an additional 1,000 shares during the period. Nisa Investment Advisors LLC boosted its stake in Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after purchasing an additional 1,127 shares during the period. Invesco Ltd. boosted its stake in Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after purchasing an additional 2,643 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Intuitive Machines by 30.4% during the 1st quarter. Freedom Investment Management Inc. now owns 14,061 shares of the company’s stock valued at $105,000 after acquiring an additional 3,281 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Intuitive Machines by 30.6% during the 2nd quarter. Park Avenue Securities LLC now owns 14,258 shares of the company’s stock valued at $155,000 after acquiring an additional 3,343 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LUNR shares. Canaccord Genuity Group lowered their target price on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Craig Hallum started coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $18.00 target price on Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. UBS Group reiterated a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Finally, Zacks Research upgraded Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.44.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $12.35 on Wednesday. The stock’s fifty day moving average is $10.38 and its 200 day moving average is $10.41. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $24.95. The firm has a market capitalization of $2.21 billion, a PE ratio of -3.81 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Intuitive Machines Company 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.