Intuitive Machines (NASDAQ:LUNR) Shares Climb 5.4% – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) traded up 5.4% during trading on Tuesday. The stock traded as high as $15.31 and last traded at $15.06. Approximately 11,928,314 shares traded hands during trading, a decline of 0% from the average daily volume of 11,969,739 shares. The stock had previously closed at $14.29.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LUNR. Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a report on Monday, September 21st. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Bank of America lifted their target price on shares of 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 lowered 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. Finally, Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Intuitive Machines Price Performance

The company has a 50-day moving average of $15.45 and a two-hundred day moving average of $21.27. The stock has a market capitalization of $3.12 billion, a PE ratio of -14.30 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (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. On average, research analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 3,050 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the transaction, the insider directly owned 113,997 shares of the company’s stock, valued at approximately $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Crain, II sold 50,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were 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 of the company’s stock, valued at $5,286,748.95. This trade represents a 12.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,201,528 shares of company stock worth $158,629,235 over the last three months. 54.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Tema ETFs LLC boosted its stake in Intuitive Machines by 139,768.2% during the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock valued at $66,418,000 after acquiring an additional 3,102,854 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Intuitive Machines during the second quarter valued at $64,452,000. Renaissance Technologies LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter worth about $35,895,000. Bank of America Corp DE lifted its position in Intuitive Machines by 188.9% in 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 purchasing an additional 1,231,188 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Intuitive Machines by 28.8% in the 1st quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock valued at $12,200,000 after purchasing an additional 147,095 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.