Intuitive Machines (NASDAQ:LUNR) Shares Down 2.9% - Should You Sell?

Key Points

• Intuitive Machines shares fell 2.9% to $14.29, with trading volume below its daily average. The stock remains well below its 200-day moving average of $21.35.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $30.50, although several firms recently lowered their targets.
• The company missed quarterly expectations, reporting a loss of $0.29 per share versus an expected loss of $0.09, while insiders sold approximately $158.6 million of shares over the past 90 days.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares fell 2.9% during trading on Monday. The company traded as low as $14.02 and last traded at $14.29. Approximately 7,515,268 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 11,969,554 shares. The stock had previously closed at $14.71.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LUNR shares. Stifel Nicolaus raised Intuitive Machines from a "hold" rating to a "buy" rating and dropped their price target for the stock from $32.00 to $26.00 in a research note on Friday, August 14th. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Tuesday, August 18th. Zacks Research upgraded Intuitive Machines from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research note on Friday, July 17th. Finally, Roth Capital set a $30.00 price target on shares of Intuitive Machines in a research report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Intuitive Machines Stock Down 2.9%

The stock has a market cap of $3.27 billion, a PE ratio of -15.04 and a beta of 1.86. The company has a fifty day moving average price of $15.31 and a 200 day moving average price of $21.35.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to the consensus estimate of $212.32 million. As a group, research analysts predict that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Insider Activity

In other Intuitive Machines news, insider Steven Vontur sold 3,050 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total transaction of $49,196.50. Following the transaction, the insider owned 113,997 shares in the company, valued at approximately $1,838,771.61. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Ghaffarian sold 1,698 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $27,168.00. Following the completion of the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $55,916,288. This trade represents a 0.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 12,201,528 shares of company stock valued at $158,629,235. Company insiders own 54.10% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S purchased a new position in Intuitive Machines during the second quarter valued at $25,000. State of Wyoming bought a new position in Intuitive Machines during the 1st quarter valued at about $39,000. PNC Financial Services Group Inc. boosted its holdings in Intuitive Machines by 34.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after purchasing an additional 712 shares during the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Intuitive Machines in the 1st quarter worth $59,000. Finally, KBC Group NV boosted its position in Intuitive Machines by 76.4% in the first quarter. KBC Group NV now owns 4,247 shares of the company's stock worth $79,000 after purchasing an additional 1,840 shares during the last quarter. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.

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