Intuitive Machines (NASDAQ:LUNR) Shares Down 3.7% - Time to Sell?

Key Points

• Intuitive Machines shares fell 3.7% to $13.19, below both the 50-day moving average of $15.48 and the 200-day average of $21.24.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $30.50, despite one recent target reduction and two sell ratings.
• The company missed quarterly expectations, reporting an adjusted loss of $0.29 per share versus the $0.09 expected, while insiders sold more than 12.2 million shares worth approximately $158.6 million over the past three months.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price traded down 3.7% on Friday. The stock traded as low as $13.07 and last traded at $13.19. Approximately 7,507,389 shares changed hands during trading, a decline of 37% from the average session volume of 11,923,196 shares. The stock had previously closed at $13.70.

Analyst Ratings Changes

Several equities research analysts have recently commented on LUNR shares. B. Riley Financial reduced their price objective on Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, August 14th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Intuitive Machines in a research report on Monday, September 21st. Zacks Research upgraded Intuitive Machines from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Roth Capital set a $30.00 price objective on Intuitive Machines in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Intuitive Machines Stock Down 3.7%

The stock has a fifty day simple moving average of $15.48 and a 200 day simple moving average of $21.24. The firm has a market capitalization of $3.02 billion, a P/E ratio of -13.88 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $212.32 million. Research analysts anticipate that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In related news, Director Kamal Ghaffarian sold 1,698 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total transaction of $27,168.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of Intuitive Machines stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total transaction of $147,602,399.76. Following the completion of the sale, the insider owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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