Intuitive Machines (NASDAQ:LUNR) Trading Down 4.2% - Time to Sell?

Key Points

• Intuitive Machines (LUNR) slipped about 4.2% to roughly $22.97 on Monday (intraday low $22.93) with volume ~7.69M shares, about 37% below its average daily volume.
• Analyst sentiment is mixed—eight Buy, three Hold and two Sell ratings—resulting in an average rating of Hold and an average price target of $19.94, though several firms recently raised targets to the $22–$26 range.
• Significant insider selling has occurred recently: CEO Stephen Altemus sold 428,503 shares and a director sold 283,818, with insiders selling 1,273,731 shares (~$24.3M) over the past three months while insiders reportedly own 39.75% of the stock.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were down 4.2% during trading on Monday . The stock traded as low as $22.93 and last traded at $22.9710. Approximately 7,693,680 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 12,121,031 shares. The stock had previously closed at $23.99.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Roth Mkm reiterated a "buy" rating on shares of Intuitive Machines in a research report on Wednesday, February 25th. Cantor Fitzgerald increased their target price on Intuitive Machines from $16.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft raised their target price on Intuitive Machines from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, Canaccord Genuity Group lifted their price target on Intuitive Machines from $22.50 to $24.00 and gave the company a "buy" rating in a report on Friday, March 20th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $19.94.

Intuitive Machines Stock Down 5.1%

The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -30.83 and a beta of 1.31. The business's fifty day moving average is $18.36 and its two-hundred day moving average is $14.82.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 428,503 shares of the business's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $20.06, for a total transaction of $8,595,770.18. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares of the company's stock, valued at approximately $20,589,624.12. The trade was a 29.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 283,818 shares of the business's stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the sale, the director directly owned 3,494,768 shares of the company's stock, valued at $65,631,743.04. This represents a 7.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,273,731 shares of company stock worth $24,317,209. 39.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in Intuitive Machines by 7.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 63,925 shares of the company's stock valued at $1,038,000 after buying an additional 4,500 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Intuitive Machines during the 4th quarter worth $2,612,000. Sunbelt Securities Inc. raised its position in shares of Intuitive Machines by 144.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company's stock valued at $48,000 after acquiring an additional 1,738 shares during the last quarter. Invesco Ltd. raised its position in shares of Intuitive Machines by 7.6% during the 4th quarter. Invesco Ltd. now owns 63,475 shares of the company's stock valued at $1,030,000 after acquiring an additional 4,462 shares during the last quarter. Finally, Virtue Capital Management LLC lifted its stake in shares of Intuitive Machines by 151.4% in the 4th quarter. Virtue Capital Management LLC now owns 54,342 shares of the company's stock valued at $972,000 after purchasing an additional 32,730 shares during the period. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Company Profile

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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