Steven Vontur Sells 3,050 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Key Points

• Insider sale: Steven Vontur sold 3,050 Intuitive Machines shares for approximately $49,197 to cover tax withholding related to vested equity awards, reducing his holdings by 2.61% to 113,997 shares.
• Stock and earnings pressure: LUNR shares fell 5% to $15.37, while the company reported a quarterly loss of $0.29 per share, missing the $0.09 consensus estimate, and revenue of $206.17 million versus expectations of $212.32 million.
• Analyst outlook remains positive overall: Despite several price-target cuts, seven analysts rate the stock Buy, two rate it Sell, and one rates it Hold, resulting in a “Moderate Buy” consensus and an average target price of $30.06.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) insider Steven Vontur sold 3,050 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the transaction, the insider directly owned 113,997 shares of the company's stock, valued at approximately $1,838,771.61. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Intuitive Machines Trading Down 5.0%

Shares of NASDAQ LUNR traded down $0.81 during midday trading on Friday, reaching $15.37. The company's stock had a trading volume of 5,784,875 shares, compared to its average volume of 12,677,093. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -16.18 and a beta of 1.83. The stock has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $21.86.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post -0.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LUNR shares. B. Riley Financial reduced their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. Canaccord Genuity Group dropped their target price on Intuitive Machines from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, Cantor Fitzgerald decreased their price target on Intuitive Machines from $43.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.06.

Institutional Trading of Intuitive Machines

A number of large investors have recently added to or reduced their stakes in LUNR. PNC Financial Services Group Inc. increased its stake in shares of Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after purchasing an additional 712 shares during the last quarter. Sigma Planning Corp lifted its stake in Intuitive Machines by 8.8% in the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company's stock valued at $178,000 after purchasing an additional 886 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Intuitive Machines by 9.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company's stock worth $206,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC grew its holdings in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock worth $43,000 after purchasing an additional 1,016 shares during the period. Finally, Nykredit A S acquired a new position in Intuitive Machines during the second quarter worth approximately $25,000. Institutional investors and hedge funds own 72.21% of the company's stock.

About Intuitive Machines

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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