Intuitive Machines (NASDAQ:LUNR) Shares Up 5.4% – Still a Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares were up 5.4% during trading on Tuesday. The company traded as high as $15.31 and last traded at $15.06. 11,928,314 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 11,969,739 shares. The stock had previously closed at $14.29.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LUNR shares. B. Riley Financial cut their price target on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Stifel Nicolaus upgraded shares of Intuitive Machines from a “hold” rating to a “buy” rating and cut their target price for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Roth Capital set a $30.00 target price on shares of Intuitive Machines in a research note on Thursday, August 13th. Bank of America lifted their price target 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Intuitive Machines Stock Up 5.4%

The business has a fifty day moving average of $15.33 and a 200 day moving average of $21.32. The firm has a market cap of $3.45 billion, a P/E ratio of -15.85 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $212.32 million. On average, sell-side analysts expect that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Insider Activity

In other Intuitive Machines news, SVP Timothy Crain, II sold 50,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $15.05, for a total value of $752,500.00. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at approximately $5,286,748.95. This trade represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock in a transaction on 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 directly owned 3,494,768 shares in the company, valued at approximately $55,916,288. This represents a 0.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 three months. Company insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 position in shares of Intuitive Machines during the 1st quarter valued at about $39,000. PNC Financial Services Group Inc. lifted 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 valued at $52,000 after purchasing an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Intuitive Machines in the 1st quarter valued at approximately $59,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $88,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.