Intuitive Machines (NASDAQ:LUNR) Downgraded by Zacks Research to “Strong Sell”

Intuitive Machines (NASDAQ:LUNR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

LUNR has been the topic of several other research reports. B. Riley Financial dropped their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Canaccord Genuity Group cut their target price 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. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research note on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Finally, Roth Capital set a $30.00 target price on Intuitive Machines in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.50.

Intuitive Machines Trading Down 5.3%

LUNR stock opened at $12.18 on Monday. Intuitive Machines has a 1-year low of $7.78 and a 1-year high of $46.75. The firm has a fifty day moving average price of $15.45 and a two-hundred day moving average price of $21.09.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share 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. Equities research analysts expect that Intuitive Machines will post -0.60 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value 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. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Vontur sold 3,050 shares of the business’s stock in a transaction dated 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 $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. PNC Financial Services Group Inc. boosted its position in shares of Intuitive Machines by 34.2% during the 1st 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 in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Intuitive Machines by 9.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock worth $206,000 after purchasing an additional 1,000 shares in the last quarter. Nykredit A S bought a new stake in shares of Intuitive Machines in the 2nd quarter worth approximately $25,000. The Manufacturers Life Insurance Company lifted its stake in Intuitive Machines by 2.4% during the first quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company’s stock valued at $996,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Intuitive Machines by 32.9% during the third quarter. Farther Finance Advisors LLC now owns 6,919 shares of the company’s stock valued at $99,000 after purchasing an additional 1,711 shares during 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.