Intuitive Machines (NASDAQ:LUNR) Stock Falls 4.3% – Time to Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR) was down 4.3% during mid-day trading on Tuesday. The stock traded as low as $14.54 and last traded at $14.55. Approximately 6,597,155 shares changed hands during trading, a decline of 45% from the average daily volume of 12,046,799 shares. The stock had previously closed at $15.20.

Wall Street Analyst Weigh In

LUNR has been the subject of several research reports. Canaccord Genuity Group decreased their target price on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a research note on Monday, September 21st. Finally, Bank of America increased their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, August 31st. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Intuitive Machines Trading Down 0.7%

The stock has a market cap of $3.24 billion, a P/E ratio of -14.89 and a beta of 1.85. The stock’s 50-day moving average is $15.27 and its 200-day moving average is $21.40.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. On average, equities analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current year.

Insider Transactions at Intuitive Machines

In related news, SVP Timothy Crain, II sold 50,000 shares of Intuitive Machines stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $15.05, for a total transaction of $752,500.00. Following the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $5,286,748.95. The trade was a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 business’s 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 completion of the sale, the insider owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,201,528 shares of company stock worth $158,629,235 over the last 90 days. 54.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tema ETFs LLC boosted its holdings 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 bought a new position in shares of Intuitive Machines in the second quarter valued at $64,452,000. Renaissance Technologies LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter valued at $35,895,000. Bank of America Corp DE boosted its stake 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 worth $34,948,000 after acquiring an additional 1,231,188 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Intuitive Machines by 28.8% during the 1st quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock worth $12,200,000 after acquiring an additional 147,095 shares in the last quarter. 72.21% of the stock is currently 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.