Intuitive Machines (NASDAQ:LUNR) Stock Jumps 4.7% - Here's What Happened

Key Points

• Intuitive Machines shares rose 4.7% to $14.71, with trading volume below its daily average. The company has a $3.37 billion market capitalization and remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans positive: seven analysts rate the stock Buy, compared with one Hold and two Sell ratings. The consensus target price is $30.50, although recent quarterly results missed expectations on both earnings and revenue.
• Insiders sold more than 12.2 million shares worth approximately $158.6 million over the past 90 days, while institutional ownership stands at 72.21%. The company develops lunar landers, spacecraft, communications systems and other technologies supporting lunar exploration.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shot up 4.7% during trading on Friday. The stock traded as high as $15.35 and last traded at $14.71. Approximately 8,715,840 shares were traded during trading, a decline of 27% from the average daily volume of 11,992,883 shares. The stock had previously closed at $14.05.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Roth Capital set a $30.00 price objective on Intuitive Machines in a research report on Thursday, August 13th. Zacks Research raised Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised shares of Intuitive Machines from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $32.00 to $26.00 in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research note on Friday, July 17th. Finally, Bank of America upped their target price on Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a report on Monday, August 31st. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.

Intuitive Machines Stock Up 4.7%

The business's 50-day simple moving average is $15.28 and its two-hundred day simple moving average is $21.37. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of -15.48 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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to analysts' expectations of $212.32 million. On average, analysts expect that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 3,050 shares of Intuitive Machines stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.13, for a total transaction of $49,196.50. Following the sale, the insider owned 113,997 shares in the company, valued at approximately $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 accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Ghaffarian sold 267,448 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $56,510,398.56. This represents a 7.11% 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. Over the last 90 days, insiders sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in LUNR. Tidal Investments LLC acquired a new position in Intuitive Machines during the second quarter worth about $64,452,000. WINTON GROUP Ltd increased its stake in shares of Intuitive Machines by 538.9% during the 2nd quarter. WINTON GROUP Ltd now owns 171,857 shares of the company's stock valued at $3,676,000 after acquiring an additional 144,957 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $1,732,000. Integrated Wealth Concepts LLC purchased a new stake in Intuitive Machines during the second quarter valued at about $88,000. Finally, Connective Capital Management LLC acquired a new stake in Intuitive Machines during the 2nd quarter worth approximately $393,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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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