Intuitive Machines (NASDAQ:LUNR) Trading Up 8.2% - What's Next?

Key Points

• Shares jumped ~8.2% to about $23.78 mid-day after Intuitive Machines reported quarterly EPS of ($0.04) that beat estimates by $0.01 while revenue missed at $44.79M, and trading volume was down roughly 64% versus average.
• The analyst picture is mixed — eight Buy, three Hold and two Sell ratings — with a MarketBeat consensus rating of "Hold" and a consensus price target of $19.94, although some firms have recently raised targets to the $24–$26 range.
• Insiders have been active sellers, offloading about 1,397,311 shares (~$27.2M) in the last 90 days (including sizable sales by the SVP and CEO), while institutional investors own roughly 72% of the stock.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price was up 8.2% during mid-day trading on Friday . The stock traded as high as $24.07 and last traded at $23.7820. Approximately 4,440,335 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 12,319,367 shares. The stock had previously closed at $21.97.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LUNR shares. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Roth Mkm restated a "buy" rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. KeyCorp boosted their price target on Intuitive Machines from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. B. Riley Financial restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $19.94.

Intuitive Machines Stock Up 7.0%

The company has a fifty day simple moving average of $18.53 and a 200-day simple moving average of $15.11. The firm has a market cap of $5.10 billion, a P/E ratio of -31.40 and a beta of 1.31.

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

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the completion of the sale, the senior vice president directly owned 359,726 shares in the company, valued at approximately $6,313,191.30. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Altemus sold 86,803 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the transaction, the chief executive officer owned 1,176,246 shares in the company, valued at $18,831,698.46. The trade was a 6.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,397,311 shares of company stock valued at $27,242,918. Company insiders own 39.75% of the company's stock.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its position in shares of Intuitive Machines by 7.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 63,925 shares of the company's stock worth $1,038,000 after purchasing an additional 4,500 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Intuitive Machines in the 4th quarter worth $2,612,000. Sunbelt Securities Inc. boosted its position in shares of Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company's stock worth $48,000 after purchasing an additional 1,738 shares in the last quarter. Invesco Ltd. boosted its position in shares of Intuitive Machines by 7.6% in the 4th quarter. Invesco Ltd. now owns 63,475 shares of the company's stock worth $1,030,000 after purchasing an additional 4,462 shares in the last quarter. Finally, Virtue Capital Management LLC boosted its position 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 worth $972,000 after purchasing an additional 32,730 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

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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