Stifel Financial Corp Purchases New Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Stifel Financial Corp acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 65,266 shares of the company’s stock, valued at approximately $525,000. Stifel Financial Corp owned about 0.05% of Intuitive Machines at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter valued at approximately $35,000. Sender Co & Partners Inc. purchased a new position in Intuitive Machines during the second quarter worth $56,000. Waldron Private Wealth LLC bought a new position in Intuitive Machines during the third quarter valued at $83,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines in the third quarter valued at $85,000. Finally, SG Americas Securities LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter worth about $93,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LUNR shares. Canaccord Genuity Group cut their price target on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. B. Riley increased their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.10.

Insider Buying and Selling

In other news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $7.43, for a total value of $936,113.13. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at approximately $25,966,126.24. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen J. Altemus sold 61,432 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,020,109. The trade was a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,701,785 shares of company stock valued at $18,458,666 over the last quarter. 73.68% of the stock is owned by corporate insiders.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $19.08 on Friday. The firm’s 50 day simple moving average is $11.72 and its 200-day simple moving average is $7.42. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $19.29. The firm has a market cap of $2.68 billion, a PE ratio of -6.49 and a beta of 0.91.

About Intuitive Machines

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.