Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.50.
LUNR has been the topic of several research analyst reports. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and reduced their price target for the company from $32.00 to $26.00 in a research note on Friday, August 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. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Bank of America upped their price target on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, August 31st.
View Our Latest Stock Report on LUNR
Intuitive Machines Stock Performance
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to the consensus estimate of $212.32 million. As a group, equities research analysts forecast that Intuitive Machines will post -0.6 earnings per share for the current fiscal year.
Insider Transactions at Intuitive Machines
In other Intuitive Machines news, Director Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $27,168.00. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $55,916,288. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total transaction of $147,602,399.76. Following the sale, the insider directly owned 11,495,514 shares in the company, valued at $147,602,399.76. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,201,528 shares of company stock worth $158,629,235 over the last quarter. 54.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Calamos Advisors LLC purchased a new stake in shares of Intuitive Machines during the first quarter worth $2,984,000. Fifth Third Bancorp purchased a new position in Intuitive Machines in the first quarter valued at $4,314,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Intuitive Machines by 202.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company’s stock valued at $8,567,000 after purchasing an additional 308,755 shares during the period. Raiffeisen Bank International AG acquired a new position in Intuitive Machines during the 2nd quarter worth $3,565,000. Finally, Renaissance Technologies LLC acquired a new position in Intuitive Machines during the 1st quarter worth $35,895,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
Intuitive Machines Company Profile
Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.
Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines’ Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.
Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA’s Commercial Lunar Payload Services program.
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