Intuitive Machines, Inc. (NASDAQ:LUNR) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $30.50.

Several equities research analysts have recently commented on LUNR shares. B. Riley Financial reduced their target price on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, October 15th. Zacks Research cut shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Stifel Nicolaus upgraded shares of Intuitive Machines from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $32.00 to $26.00 in a report on Friday, August 14th. Finally, Bank of America raised their price objective 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.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Crain, II sold 100,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the completion of the sale, the senior vice president owned 351,279 shares in the company, valued at $4,910,880.42. The trade was a 22.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 approximately $1,838,771.61. The trade was 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. In the last quarter, insiders sold 658,711 shares of company stock worth $10,402,436. 54.10% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Intuitive Machines in the third quarter valued at about $98,725,000. Tema ETFs LLC raised its stake in shares of Intuitive Machines by 139,768.2% during the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after purchasing an additional 3,102,854 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Intuitive Machines during the 2nd quarter worth approximately $64,452,000. Renaissance Technologies LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $35,895,000. Finally, Bank of America Corp DE grew its stake in shares of Intuitive Machines by 188.9% in the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after buying an additional 1,231,188 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Up 0.8%

Shares of NASDAQ LUNR opened at $11.68 on Friday. Intuitive Machines has a 1 year low of $7.78 and a 1 year high of $46.75. The stock has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $19.74.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate 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. On average, research analysts expect that Intuitive Machines will post -0.60 earnings per share 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 spacecraft, lunar landers, and related systems designed to support missions to the Moon and other destinations. Its offerings include lunar payload delivery, spacecraft and satellite components, communications and navigation services, and data products for government and commercial customers.

Intuitive Machines is a major participant in NASA’s Commercial Lunar Payload Services program, under which it delivers scientific and technology payloads to the lunar surface.