Intuitive Machines (NASDAQ:LUNR) Given New $8.50 Price Target at Bank of America

Key Points

• Bank of America has lowered the price target for Intuitive Machines (NASDAQ:LUNR) from $10.50 to $8.50, reflecting an "underperform" rating and suggesting a potential downside of 5.46% from the current stock price.
• Despite Bank of America’s downgrade, other analysts have mixed views on the stock, with eight analysts rating it as a buy and a consensus target price of $15.10.
• Intuitive Machines reported a miss on earnings for the last quarter, posting an EPS loss of $0.11, below the expected loss of $0.06, with revenues also falling short of estimates.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) had its price target lowered by investment analysts at Bank of America from $10.50 to $8.50 in a report released on Monday,Benzinga reports. The brokerage currently has an "underperform" rating on the stock. Bank of America's price objective would indicate a potential downside of 3.08% from the stock's previous close.

Several other equities analysts also recently weighed in on LUNR. Zacks Research raised Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Canaccord Genuity Group dropped their price target 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. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Craig Hallum initiated coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 price objective for the company. Finally, Cantor Fitzgerald lifted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Intuitive Machines Price Performance

Intuitive Machines stock traded down $0.13 during mid-day trading on Monday, hitting $8.77. 4,871,229 shares of the company were exchanged, compared to its average volume of 8,489,500. The business's 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $10.57. The company has a market capitalization of $1.57 billion, a P/E ratio of -2.71 and a beta of 1.40. Intuitive Machines has a 12-month low of $4.72 and a 12-month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) 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 business 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 research analysts predict that Intuitive Machines will post 0.73 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 201,270 shares of company stock worth $2,481,659 over the last ninety days. 39.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock valued at $30,000 after acquiring an additional 1,800 shares during the period. Quarry LP purchased a new stake in Intuitive Machines during the fourth quarter valued at about $44,000. Nisa Investment Advisors LLC grew its position in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock valued at $47,000 after acquiring an additional 1,127 shares during the period. Rossby Financial LCC purchased a new stake in Intuitive Machines during the first quarter valued at about $67,000. Finally, Sigma Planning Corp purchased a new stake in Intuitive Machines during the first quarter valued at about $78,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.