Intuitive Machines (NASDAQ:LUNR) Stock Jumps 7.5% – Still a Buy?

by · The Markets Daily

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report)’s share price was up 7.5% on Friday. The stock traded as high as $14.78 and last traded at $15.10. 1,546,700 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 11,951,203 shares. The stock had previously closed at $14.05.

Wall Street Analyst Weigh In

LUNR has been the topic of several research analyst reports. Canaccord Genuity Group cut their price target on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Monday, September 21st. Bank of America boosted their target price on Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, August 31st. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research report on Thursday, August 13th. Finally, Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Check Out Our Latest Analysis on LUNR

Intuitive Machines Stock Performance

The stock’s fifty day moving average price is $15.28 and its 200-day moving average price is $21.37. The firm has a market cap of $3.37 billion, a PE ratio of -15.59 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. Sell-side analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

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 stock was sold at an average price of $12.84, for a total transaction of $147,602,399.76. Following the sale, the insider owned 11,495,514 shares of the company’s stock, valued at $147,602,399.76. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Vontur sold 3,050 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was 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 approximately $1,838,771.61. This represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 12,201,528 shares of company stock valued at $158,629,235 in the last 90 days. Insiders own 54.10% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S acquired a new stake in Intuitive Machines in the 2nd quarter valued at about $25,000. State of Wyoming purchased a new stake in shares of Intuitive Machines in the first quarter valued at about $39,000. PNC Financial Services Group Inc. grew its position in shares of Intuitive Machines by 34.2% in the first 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 during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Intuitive Machines in the first quarter valued at approximately $59,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $88,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

About Intuitive Machines

(Get Free Report)

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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