Intuitive Machines, Inc. (NASDAQ:LUNR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.50.

A number of brokerages have weighed in on LUNR. Stifel Nicolaus raised Intuitive Machines from a “hold” rating to a “buy” rating and reduced their target price for the company from $32.00 to $26.00 in a report on Friday, August 14th. Bank of America raised their price objective on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, August 31st. Canaccord Genuity Group dropped 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 upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Roth Capital set a $30.00 price target on shares of Intuitive Machines in a research note on Thursday, August 13th.

Insider Activity at Intuitive Machines

In other news, SVP Timothy Crain, II sold 50,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $15.05, for a total transaction of $752,500.00. Following the completion of the transaction, the senior vice president owned 351,279 shares in the company, valued at approximately $5,286,748.95. This represents a 12.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $49,196.50. Following the completion of the sale, the insider owned 113,997 shares in the company, valued at $1,838,771.61. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently made changes to their positions in LUNR. Tema ETFs LLC grew its position in Intuitive Machines by 139,768.2% during the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after buying an additional 3,102,854 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $64,452,000. Renaissance Technologies LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $35,895,000. Bank of America Corp DE boosted its position in shares of Intuitive Machines by 188.9% during the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after acquiring an additional 1,231,188 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Intuitive Machines by 28.8% in the first quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock worth $12,200,000 after purchasing an additional 147,095 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Up 4.7%

Shares of NASDAQ LUNR opened at $14.71 on Monday. Intuitive Machines has a 12 month low of $7.78 and a 12 month high of $46.75. The company has a market capitalization of $3.37 billion, a P/E ratio of -15.48 and a beta of 1.86. The stock has a 50 day moving average of $15.31 and a 200-day moving average of $21.33.

Intuitive Machines (NASDAQ:LUNR) last posted its 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 firm had revenue of $206.17 million during the quarter, compared to the consensus estimate of $212.32 million. Analysts predict that Intuitive Machines will post -0.6 EPS for the current fiscal year.

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.