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

Key Points

• Intuitive Machines, Inc. has received a consensus rating of "Moderate Buy" from twelve research firms, with eight analysts issuing buy ratings.
• The company's stock price saw a recent average target of $15.30 as per brokerages and has a market capitalization of $1.60 billion.
• Insider trading activity included a sale of 40,254 shares by Director Kamal Seyed Ghaffarian, reducing his position by 1.14% while insiders collectively hold 39.75% of the company’s stock.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.10.

LUNR has been the subject of several recent research reports. UBS Group restated a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Bank of America decreased their price objective on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a report on Monday. Craig Hallum initiated coverage on Intuitive Machines in a report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 price objective for the company. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th.

Intuitive Machines Price Performance

Shares of LUNR stock traded up $0.03 during mid-day trading on Friday, hitting $9.02. The stock had a trading volume of 2,344,993 shares, compared to its average volume of 10,317,009. Intuitive Machines has a 12-month low of $4.72 and a 12-month high of $24.95. The firm's 50-day moving average is $10.63 and its two-hundred day moving average is $10.71. The firm has a market capitalization of $1.61 billion, a P/E ratio of -2.78 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Analysts expect that Intuitive Machines will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $42,111,954.40. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 201,270 shares of company stock valued at $2,481,659 in the last ninety days. Insiders own 39.75% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently modified their holdings of the business. Nikko Asset Management Americas Inc. boosted its position in Intuitive Machines by 37.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 355,767 shares of the company's stock worth $3,864,000 after purchasing an additional 96,061 shares in the last quarter. Headlands Technologies LLC grew its stake in Intuitive Machines by 375.3% in the 2nd quarter. Headlands Technologies LLC now owns 33,054 shares of the company's stock valued at $359,000 after acquiring an additional 26,099 shares during the period. Tower Research Capital LLC TRC raised its position in Intuitive Machines by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company's stock worth $147,000 after acquiring an additional 1,499 shares during the period. Vident Advisory LLC purchased a new position in Intuitive Machines during the second quarter valued at $210,000. Finally, Oxford Asset Management LLP purchased a new position in Intuitive Machines during the second quarter valued at $183,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.