Charles Schwab Investment Management Inc. Purchases 5,970 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Charles Schwab Investment Management Inc. grew its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,761 shares of the company’s stock after purchasing an additional 5,970 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Intuitive Machines were worth $1,993,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines during the third quarter valued at approximately $85,000. MetLife Investment Management LLC bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $138,000. FORA Capital LLC purchased a new position in Intuitive Machines in the 3rd quarter worth $458,000. Stifel Financial Corp bought a new stake in Intuitive Machines in the third quarter worth $525,000. Finally, State Street Corp boosted its position in Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares of the company’s stock, valued at approximately $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. Insiders sold 391,767 shares of company stock worth $7,233,038 over the last three months. Company insiders own 73.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several analyst reports. Roth Capital set a $20.00 price objective on Intuitive Machines in a report on Friday, March 7th. Cantor Fitzgerald decreased their price target on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Stock Down 2.4 %

Shares of LUNR stock opened at $8.07 on Friday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.74 and a beta of 1.01. The stock has a fifty day moving average of $15.28 and a 200 day moving average of $12.92. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted 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 during the quarter, compared to analysts’ expectations of $72.58 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share 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.