Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Target Price at $15.10

Key Points

• Intuitive Machines, Inc. has received a consensus rating of "Moderate Buy" from twelve brokerage firms, with eight analysts rating it as a buy, two as hold, and two as sell.
• The average 12-month price target for the stock among analysts is $15.10, significantly above its current price of $9.28.
• Despite reporting revenue of $50.31 million, the company missed consensus revenue estimates of $69.19 million for its last quarter.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.4444.

Several research firms recently commented on LUNR. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. UBS Group restated a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Bank of America decreased their price target on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. 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 price target on the stock. Finally, Barclays began coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating on the stock.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $12.05, for a total transaction of $970,121.40. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at $42,111,954.40. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 161,016 shares of company stock valued at $1,997,001 in the last 90 days. Corporate insiders own 39.75% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Intuitive Machines by 27.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company's stock worth $1,045,000 after purchasing an additional 30,447 shares during the period. Swiss National Bank bought a new stake in Intuitive Machines during the first quarter worth about $1,203,000. Palisades Investment Partners LLC bought a new stake in Intuitive Machines during the first quarter worth about $2,993,000. Jump Financial LLC bought a new stake in Intuitive Machines during the first quarter worth about $1,900,000. Finally, Bank of America Corp DE lifted its position in Intuitive Machines by 209.0% during the fourth quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after purchasing an additional 38,684 shares during the period. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Trading Up 1.4%

Shares of NASDAQ:LUNR traded up $0.13 on Thursday, hitting $9.71. The company had a trading volume of 8,289,040 shares, compared to its average volume of 9,920,428. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $24.95. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -3.00 and a beta of 1.38. The stock has a 50 day moving average price of $10.03 and a 200 day moving average price of $9.71.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) EPS 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 analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Intuitive Machines will post 0.73 earnings per share 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.