Intuitive Machines (NASDAQ:LUNR) Stock Jumps 4.7% – Here’s Why

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price rose 4.7% during trading on Friday. The stock traded as high as $15.35 and last traded at $14.71. 8,715,840 shares were traded during mid-day trading, a decline of 27% from the average session volume of 11,992,883 shares. The stock had previously closed at $14.05.

Analyst Ratings Changes

LUNR has been the topic of a number of research reports. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and dropped their target price for the stock from $32.00 to $26.00 in a report on Friday, August 14th. B. Riley Financial cut their price objective on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Canaccord Genuity Group cut their price target 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. Roth Capital set a $30.00 price target on shares of Intuitive Machines in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Intuitive Machines Price Performance

The firm has a market cap of $3.37 billion, a P/E ratio of -15.48 and a beta of 1.86. The stock’s 50 day moving average is $15.28 and its two-hundred day moving average is $21.37.

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 analysts’ expectations of $212.32 million. As a group, research analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other news, Director Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total transaction of $27,168.00. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $55,916,288. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm’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 transaction of $49,196.50. Following the sale, the insider owned 113,997 shares in the company, valued at $1,838,771.61. This trade represents a 2.61% decrease in their ownership of the stock. 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 12,201,528 shares of company stock valued at $158,629,235 in the last three months. Company insiders own 54.10% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the company. Nykredit A S acquired a new stake in Intuitive Machines in the second quarter valued at approximately $25,000. State of Wyoming acquired a new stake in Intuitive Machines in the first quarter worth $39,000. PNC Financial Services Group Inc. increased its holdings in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after acquiring an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Intuitive Machines in the 1st quarter worth about $59,000. Finally, KBC Group NV grew its stake in shares of Intuitive Machines by 76.4% in the 1st quarter. KBC Group NV now owns 4,247 shares of the company’s stock worth $79,000 after acquiring an additional 1,840 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.