FORA Capital LLC Buys New Shares in Intuitive Machines, Inc. (NASDAQ:LUNR)

FORA Capital LLC purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the third quarter, Holdings Channel.com reports. The firm purchased 56,842 shares of the company’s stock, valued at approximately $458,000.

Several other large investors have also made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in Intuitive Machines during the 2nd quarter valued at approximately $536,000. Vanguard Group Inc. grew its holdings in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after buying an additional 429,531 shares in the last quarter. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines during the second quarter valued at approximately $35,000. XTX Topco Ltd bought a new position in shares of Intuitive Machines during the second quarter worth $164,000. Finally, Bank of New York Mellon Corp purchased a new position in Intuitive Machines during the second quarter valued at $272,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Trading Up 2.8 %

Shares of Intuitive Machines stock opened at $14.45 on Friday. The stock has a 50 day moving average price of $9.35 and a 200-day moving average price of $6.22. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $15.72.

Analyst Ratings Changes

Several brokerages have commented on LUNR. B. Riley boosted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Roth Mkm reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark lifted their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group increased their target price on Intuitive Machines from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.10.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 197,637 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $2,195,000.50. This trade represents a 35.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Vontur sold 10,274 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares in the company, valued at approximately $655,650. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,762,371 shares of company stock valued at $38,664,183 over the last three months. 73.68% of the stock is owned by company insiders.

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.