Intuitive Machines (NASDAQ:LUNR) Stock Gets Downgrade from Zacks Research

Intuitive Machines (NASDAQ:LUNR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Other analysts have also recently issued research reports about the stock. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research note on Thursday, August 13th. B. Riley Financial cut their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 14th. Canaccord Genuity Group decreased their target price 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Finally, Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and cut their price target for the company from $32.00 to $26.00 in a research note on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Intuitive Machines Stock Down 5.3%

LUNR opened at $12.18 on Monday. Intuitive Machines has a 12-month low of $7.78 and a 12-month high of $46.75. The business has a 50 day moving average of $15.45 and a 200-day moving average of $21.09. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -12.82 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. As a group, analysts expect that Intuitive Machines will post -0.60 earnings per share for the current year.

Insider Activity

In other news, major shareholder International L.P. Advent sold 11,495,514 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kamal Ghaffarian sold 1,698 shares of the company’s stock in a transaction that occurred 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 sale, 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 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. Over the last ninety days, insiders have sold 12,201,528 shares of company stock valued at $158,629,235. Corporate insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Intuitive Machines by 32.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,919 shares of the company’s stock valued at $99,000 after purchasing an additional 1,711 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Intuitive Machines during the 2nd quarter worth $64,452,000. WINTON GROUP Ltd raised 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 worth $3,676,000 after buying an additional 144,957 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $1,732,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $88,000. 72.21% of the stock is owned by institutional investors.

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.