Intuitive Machines, Inc. (NASDAQ:LUNR) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Intuitive Machines, with seven buy, one hold, and two sell ratings. The average 12-month price target is $30.50.
• Insiders sold heavily in the past 90 days, disposing of 12.2 million shares worth approximately $158.6 million, while insiders retain a 54.1% ownership stake.
• Shares opened at $15.61, well below the 52-week high of $46.75. The company’s latest quarterly results missed expectations, reporting a $0.29 loss per share versus a projected $0.09 loss and revenue of $206.2 million versus $212.3 million expected.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have received an average rating of "Moderate Buy" from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $30.50.

LUNR has been the topic of a number of recent research reports. B. Riley Financial cut their price target on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a report on Thursday, August 13th. Bank of America upped their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a research note on Monday, August 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Intuitive Machines in a report on Friday, July 17th. Finally, Stifel Nicolaus raised shares of Intuitive Machines from a "hold" rating to a "buy" rating and decreased their price target for the company from $32.00 to $26.00 in a research report on Friday, August 14th.

Insider Buying and Selling

In other news, insider Steven Vontur sold 3,050 shares of Intuitive Machines stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the completion of the transaction, the insider owned 113,997 shares in the company, valued at approximately $1,838,771.61. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Crain, II sold 50,000 shares of Intuitive Machines stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $15.05, for a total transaction of $752,500.00. Following the completion of the transaction, the senior vice president owned 351,279 shares of the company's stock, valued at $5,286,748.95. This represents a 12.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,201,528 shares of company stock worth $158,629,235 over the last ninety days. Insiders own 54.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LUNR. PNC Financial Services Group Inc. increased its position in Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after buying an additional 712 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Intuitive Machines by 9.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company's stock valued at $206,000 after acquiring an additional 1,000 shares during the period. Nykredit A S purchased a new position in shares of Intuitive Machines during the second quarter worth approximately $25,000. The Manufacturers Life Insurance Company increased its holdings in shares of Intuitive Machines by 2.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company's stock valued at $996,000 after acquiring an additional 1,235 shares during the period. Finally, ProShare Advisors LLC raised its position in Intuitive Machines by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 19,994 shares of the company's stock valued at $325,000 after purchasing an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Price Performance

LUNR opened at $15.61 on Monday. Intuitive Machines has a 52 week low of $7.78 and a 52 week high of $46.75. The business has a fifty day simple moving average of $15.24 and a 200-day simple moving average of $21.47. The firm has a market cap of $3.57 billion, a P/E ratio of -16.43 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company 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 year.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines' Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA's Commercial Lunar Payload Services program.

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