Intuitive Machines (NASDAQ:LUNR) Stock Price Down 2.5% on Analyst Downgrade

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) fell 2.5% on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $12.73 and last traded at $12.86. 5,501,066 shares changed hands during trading, a decline of 54% from the average daily volume of 11,890,452 shares. The stock had previously closed at $13.19.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Monday, September 21st. Roth Capital set a $30.00 price target on shares of Intuitive Machines in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Stifel Nicolaus raised Intuitive Machines from a “hold” rating to a “buy” rating and reduced their price target for the stock from $32.00 to $26.00 in a research report on Friday, August 14th. Finally, Bank of America upped their price target on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, August 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Hold” and a consensus price target of $30.50.

Insiders Place Their Bets

In other news, insider Steven Vontur sold 3,050 shares of the company’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 owned 113,997 shares in the company, valued at $1,838,771.61. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Ghaffarian sold 1,698 shares of the company’s stock in a transaction dated 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 owned 3,494,768 shares in the company, valued at approximately $55,916,288. This trade represents a 0.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,201,528 shares of company stock worth $158,629,235 in the last three months. Insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. Tema ETFs LLC lifted its position 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 valued at $66,418,000 after purchasing an additional 3,102,854 shares during the period. Tidal Investments LLC purchased a new stake in Intuitive Machines in the second quarter valued at $64,452,000. Renaissance Technologies LLC purchased a new stake in Intuitive Machines in the first quarter valued at $35,895,000. Bank of America Corp DE grew its position in 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 purchasing an additional 1,231,188 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Intuitive Machines by 202.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company’s stock worth $8,567,000 after purchasing an additional 308,755 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Down 9.5%

The firm has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $21.09. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -11.60 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.60 EPS for the current year.

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.