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

Key Points

• Consensus "Hold": Thirteen analysts rate LUNR an average of "Hold" (2 sell, 3 hold, 8 buy) with a one‑year average price target of $21.55, though some brokers have raised targets as high as $35.
• Insider selling: Company insiders—including the CFO and a director—sold large blocks recently, with insiders selling 904,301 shares (~$18.67M) in the past 90 days while still owning 39.75% of the stock.
• Stock & performance: LUNR opened at $25.35, has a $5.5B market cap and a negative P/E (~-34); it reported Q1 EPS of -$0.04 (beat by $0.01) but missed revenue expectations, and institutional investors own about 72% of shares.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been assigned an average rating of "Hold" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.55.

A number of analysts have recently commented on LUNR shares. B. Riley Financial reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Roth Mkm raised 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. Stifel Nicolaus lifted their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Monday, March 23rd. Canaccord Genuity Group boosted their price target on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Finally, Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $16.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, March 20th.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 24,554 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares of the company's stock, valued at $9,473,418.06. The trade was a 5.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $28.16, for a total value of $3,996,157.44. Following the sale, the director owned 3,494,768 shares in the company, valued at approximately $98,412,666.88. This represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 904,301 shares of company stock valued at $18,670,817 in the last ninety days. Insiders own 39.75% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently added to or reduced their stakes in LUNR. Vanguard Group Inc. lifted its stake in Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company's stock valued at $64,067,000 after acquiring an additional 717,256 shares during the last quarter. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $52,689,000. UBS Group AG increased its stake in shares of Intuitive Machines by 22.0% during the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company's stock worth $50,238,000 after purchasing an additional 557,517 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intuitive Machines by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company's stock valued at $44,399,000 after purchasing an additional 61,084 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company's stock valued at $28,165,000 after purchasing an additional 415,359 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $25.35 on Friday. The stock has a 50-day simple moving average of $21.10 and a 200 day simple moving average of $16.66. Intuitive Machines has a 52-week low of $7.78 and a 52-week high of $31.15. The company has a market cap of $5.50 billion, a PE ratio of -34.26 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. On average, research analysts predict that Intuitive Machines will post -0.04 earnings per share for the current fiscal year.

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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