Intuitive Machines (NASDAQ:LUNR) Stock Price Down 4.3% - Here's Why

Key Points

• Intuitive Machines shares fell 4.3% to $14.41, with trading volume down 17% from the average session. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $30.50, despite several recent target reductions and the company’s quarterly loss of $0.29 per share, which missed estimates.
• Insiders sold more than 12.2 million shares worth $158.6 million during the last quarter, while institutional investors and hedge funds own 72.21% of the stock.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price was down 4.3% during trading on Wednesday. The company traded as low as $13.93 and last traded at $14.41. 9,914,995 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 11,952,230 shares. The stock had previously closed at $15.06.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LUNR shares. Roth Capital set a $30.00 target price on Intuitive Machines in a research note on Thursday, August 13th. Canaccord Genuity Group reduced their price target on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating on the stock in a research report on Tuesday, August 18th. Zacks Research raised shares of Intuitive Machines from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. B. Riley Financial lowered their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, August 14th. Finally, Bank of America boosted their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a research note on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

Intuitive Machines Stock Performance

The stock has a 50-day simple moving average of $15.39 and a 200 day simple moving average of $21.30. The stock has a market capitalization of $3.30 billion, a P/E ratio of -15.17 and a beta of 1.86.

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. Equities analysts predict 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 the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.13, for a total value of $49,196.50. Following the transaction, the insider owned 113,997 shares of the company's stock, valued at approximately $1,838,771.61. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Intuitive Machines 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 directly owned 3,494,768 shares of the company's stock, valued at $56,510,398.56. This represents a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,201,528 shares of company stock worth $158,629,235 over the last quarter. Company insiders own 54.10% of the company's stock.

Institutional Trading of Intuitive Machines

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC acquired a new position in Intuitive Machines in the second quarter valued at about $64,452,000. WINTON GROUP Ltd lifted its holdings 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 purchasing an additional 144,957 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $1,732,000. Integrated Wealth Concepts LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $88,000. Finally, Connective Capital Management LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $393,000. 72.21% of the stock is currently 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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