Intuitive Machines (NASDAQ:LUNR) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Intuitive Machines (NASDAQ:LUNR) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group cut their price target on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Bank of America lifted their price objective on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and lowered their target price for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Finally, Roth Capital set a $30.00 target price on Intuitive Machines in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.50.

Intuitive Machines Trading Down 5.3%

LUNR 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 company has a market capitalization of $2.79 billion, a PE ratio of -12.82 and a beta of 1.86. The firm’s 50 day simple moving average is $15.45 and its two-hundred day simple moving average is $21.09.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data 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 firm had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $212.32 million. Equities analysts forecast that Intuitive Machines will post -0.60 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In related 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 value of $49,196.50. Following the completion of the sale, the insider directly owned 113,997 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction dated Wednesday, September 9th. The stock was 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. The trade was a 0.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,201,528 shares of company stock valued at $158,629,235. Company insiders own 54.10% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of the business. Nykredit A S bought a new stake in Intuitive Machines during the 2nd quarter valued at $25,000. State of Wyoming purchased a new position in shares of Intuitive Machines in the 1st quarter valued at $39,000. PNC Financial Services Group Inc. raised its position in shares of Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after acquiring an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd bought a new position in shares of Intuitive Machines in the 1st quarter worth $59,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Intuitive Machines in the 2nd quarter worth $88,000. Institutional investors own 72.21% of the company’s stock.

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.