Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts rate Intuitive Machines “Hold” overall: Of 11 analysts, seven recommend buying, two rate it a hold and two recommend selling. The average 12-month price target is $33.31.
• The company reported a quarterly loss of $0.25 per share, missing the $0.07 consensus estimate, while revenue of $186.73 million came in below expectations of $202.95 million.
• Insiders sold heavily: Insiders sold 12.28 million shares worth approximately $169.1 million during the quarter, including a 50% reduction in Advent International’s position. Institutional investors own 72.21% of the stock.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $33.3125.

Several equities analysts have recently commented on the stock. Roth Capital boosted their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, April 17th. B. Riley Financial reiterated a "buy" rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Zacks Research raised shares of Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Intuitive Machines from a "strong sell" rating to a "sell" rating in a research note on Sunday, May 24th.

Intuitive Machines Stock Performance

LUNR opened at $16.40 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of -18.64 and a beta of 1.83. Intuitive Machines has a 52-week low of $7.78 and a 52-week high of $46.75. The business's fifty day moving average is $19.95 and its 200-day moving average is $22.02.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. On average, research analysts predict that Intuitive Machines will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William John Liquori, Jr. sold 18,321 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director directly owned 68,875 shares of the company's stock, valued at $2,057,296.25. This trade represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder International L.P. Advent sold 11,495,514 shares of Intuitive Machines stock in a transaction dated 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 completion of the transaction, the insider owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,278,774 shares of company stock worth $169,062,341. 54.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company's stock valued at $120,000 after purchasing an additional 2,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company's stock valued at $184,000 after purchasing an additional 7,528 shares during the last quarter. Caxton Associates LLP acquired a new stake in Intuitive Machines in the first quarter valued at approximately $139,000. Creative Planning boosted its position in Intuitive Machines by 29.3% in the second quarter. Creative Planning now owns 30,407 shares of the company's stock valued at $331,000 after buying an additional 6,886 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company's stock worth $205,000 after buying an additional 2,506 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source