Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $15.10 Average Price Target from Brokerages

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.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.4444.

A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Bank of America decreased their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research report on Monday, August 25th. UBS Group reiterated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Craig Hallum started coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 price objective on the stock. Finally, Canaccord Genuity Group reduced 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 report on Tuesday, August 19th.

Insider Activity

In related 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 transaction of $970,121.40. Following the transaction, the director owned 3,494,768 shares in the company, valued at $42,111,954.40. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 161,016 shares of company stock worth $1,997,001 in the last 90 days. 39.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company's stock valued at $32,939,000 after purchasing an additional 373,741 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Intuitive Machines by 78.6% in the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company's stock worth $28,191,000 after purchasing an additional 1,141,454 shares during the last quarter. Bank of America Corp DE boosted its holdings in Intuitive Machines by 3.3% in the second quarter. Bank of America Corp DE now owns 2,261,946 shares of the company's stock worth $24,587,000 after purchasing an additional 72,422 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in Intuitive Machines in the first quarter worth approximately $15,739,000. Finally, Two Sigma Investments LP purchased a new stake in Intuitive Machines in the fourth quarter worth approximately $33,255,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Performance

LUNR traded up $0.13 during midday trading on Thursday, reaching $9.71. 8,289,040 shares of the company were exchanged, compared to its average volume of 5,226,240. Intuitive Machines has a one year low of $6.14 and a one year high of $24.95. The company's fifty day moving average price is $10.00 and its 200 day moving average price is $9.65. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -3.00 and a beta of 1.38.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The firm 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. As a group, sell-side analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Intuitive Machines Company Profile

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.