Intuitive Machines (NASDAQ:LUNR) Stock Falls 4.9% - Time to Sell?

Key Points

• Intuitive Machines shares fell 4.9% to $13.70, below both its 50-day moving average of $15.45 and 200-day moving average of $21.27.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $30.50, despite mixed ratings and recent target cuts. The company missed quarterly earnings and revenue estimates, reporting a loss of $0.29 per share.
• Insiders sold $158.6 million of stock over the past three months, while insiders retain a 54.1% ownership stake; institutional investors and hedge funds own 72.21%.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was down 4.9% on Thursday. The stock traded as low as $13.40 and last traded at $13.70. 9,277,973 shares were traded during trading, a decline of 22% from the average daily volume of 11,945,729 shares. The stock had previously closed at $14.41.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. B. Riley Financial lowered their price target on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Canaccord Genuity Group cut their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 18th. Bank of America upped their price objective on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a research report on Monday, August 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research note on Friday, July 17th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Intuitive Machines in a research report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Machines has an average rating of "Moderate Buy" and an average price target of $30.50.

Intuitive Machines Trading Down 4.9%

The business has a 50-day moving average price of $15.45 and a 200-day moving average price of $21.27. The stock has a market cap of $3.14 billion, a PE ratio of -14.42 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. Equities analysts expect that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 3,050 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the completion of the sale, the insider owned 113,997 shares of the company's stock, valued at $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $27,168.00. Following 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,201,528 shares of company stock worth $158,629,235 over the last three months. Company insiders own 54.10% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently made changes to their positions in LUNR. Nykredit A S acquired a new stake in shares of Intuitive Machines in the second quarter worth approximately $25,000. State of Wyoming acquired a new position in Intuitive Machines in the 1st quarter valued at $39,000. PNC Financial Services Group Inc. lifted its holdings in Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock valued at $52,000 after purchasing an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in Intuitive Machines in the 1st quarter valued at $59,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Intuitive Machines during the 2nd quarter worth $88,000. Institutional investors and hedge funds own 72.21% of the company's stock.

About Intuitive Machines

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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