Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Intuitive Machines a “Moderate Buy” consensus: Seven of 10 analysts rate the stock a buy, while two rate it a sell and one recommends holding. The average 12-month price target is $30.50.
• Recent financial results fell short of expectations: The company reported a quarterly loss of $0.29 per share versus the expected $0.09 loss, while revenue of $206.17 million was below the $212.32 million consensus estimate.
• Insiders have been substantial sellers: Insiders sold 12.4 million shares worth approximately $165.4 million over the past 90 days, although institutional investors still own 72.21% of the company.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.50.

LUNR has been the subject of a number of recent analyst reports. Stifel Nicolaus upgraded shares of Intuitive Machines from a "hold" rating to a "buy" rating and lowered their price target for the company from $32.00 to $26.00 in a report on Friday, August 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a research note on Tuesday, August 18th.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $14.86 on Thursday. The business's 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $21.78. The stock has a market capitalization of $3.40 billion, a P/E ratio of -15.64 and a beta of 1.85. Intuitive Machines has a one year low of $7.78 and a one year high of $46.75.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analysts' expectations of $212.32 million. Sell-side analysts expect that Intuitive Machines will post -0.6 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 267,448 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $56,510,398.56. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the transaction, the insider directly owned 11,495,514 shares in the company, valued at $147,602,399.76. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,407,363 shares of company stock worth $165,432,504 over the last 90 days. 54.10% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Large investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC purchased a new stake in Intuitive Machines in the first quarter worth about $2,984,000. Jefferies Financial Group Inc. purchased a new position in shares of Intuitive Machines during the 4th quarter worth approximately $717,000. Fifth Third Bancorp purchased a new position in shares of Intuitive Machines during the 1st quarter worth approximately $4,314,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Intuitive Machines by 202.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company's stock worth $8,567,000 after acquiring an additional 308,755 shares during the period. Finally, Trustees of the University of Pennsylvania bought a new position in shares of Intuitive Machines in the 4th quarter worth approximately $52,689,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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