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

Key Points

• Intuitive Machines, Inc. has received a consensus rating of "Hold" from thirteen brokerages, with target prices ranging from $8.50 to $19.00.
• Institutional investors and hedge funds collectively own 72.21% of Intuitive Machines' stock, indicating significant confidence in the company's future.
• The company reported a loss of ($0.11) earnings per share in its latest earnings report, missing analyst expectations, with revenues of $50.31 million compared to a forecast of $69.19 million.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has received an average recommendation of "Hold" from the thirteen brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.4444.

Several equities research analysts have weighed in on LUNR shares. Canaccord Genuity Group cut their target price on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a report on Tuesday, August 19th. UBS Group reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Bank of America reduced their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a research note on Monday, August 25th. Finally, Craig Hallum began coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price for the company.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.75% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. GAMMA Investing LLC boosted its stake in Intuitive Machines by 97,862.5% in the 1st quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock worth $580,000 after purchasing an additional 7,829 shares during the period. Rhumbline Advisers increased its stake in Intuitive Machines by 19.7% in the 1st quarter. Rhumbline Advisers now owns 52,260 shares of the company's stock valued at $389,000 after buying an additional 8,612 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at $81,000. Solstein Capital LLC increased its stake in Intuitive Machines by 324.2% in the 1st quarter. Solstein Capital LLC now owns 30,094 shares of the company's stock valued at $224,000 after buying an additional 23,000 shares during the last quarter. Finally, Inscription Capital LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at $363,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Stock Performance

LUNR opened at $12.23 on Monday. The firm's fifty day moving average is $9.77 and its two-hundred day moving average is $10.00. The firm has a market cap of $2.19 billion, a PE ratio of -3.77 and a beta of 1.41. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results 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 business had revenue of $50.31 million for the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that Intuitive Machines will post 0.73 EPS for the current fiscal year.

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.

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