Oppenheimer & Co. Inc. Invests $1.64 Million in Intuitive Machines, Inc. (NASDAQ:LUNR)

Oppenheimer & Co. Inc. bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 90,150 shares of the company’s stock, valued at approximately $1,637,000. Oppenheimer & Co. Inc. owned about 0.06% of Intuitive Machines at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LUNR. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines during the 3rd quarter valued at about $85,000. Creative Planning bought a new stake in Intuitive Machines during the 3rd quarter valued at about $105,000. LMR Partners LLP bought a new stake in Intuitive Machines during the 3rd quarter valued at about $110,000. Savoie Capital LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at about $112,000. Finally, AlphaCentric Advisors LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at about $121,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Shares of LUNR opened at $13.46 on Tuesday. The company has a 50 day moving average price of $19.13 and a 200-day moving average price of $12.56. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock has a market capitalization of $1.89 billion, a PE ratio of -4.58 and a beta of 0.92.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LUNR. Benchmark lifted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target for the company. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.14.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 393,659 shares of company stock worth $7,262,364 in the last 90 days. 73.68% of the stock is owned by corporate insiders.

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.