Key Points
- Insider transaction: Steven Vontur sold 3,050 Intuitive Machines shares for $49,196.50, reducing his direct ownership by 2.61%. The sale covered tax withholding related to vested equity awards.
- Stock and earnings: LUNR opened at $15.37 after falling 5%; its latest quarterly loss of $0.29 per share missed expectations by $0.20, while revenue of $206.17 million came in below forecasts.
- Analyst outlook: Despite mixed analyst views, the stock has a “Moderate Buy” consensus rating from MarketBeat, with an average price target of $30.06 versus the reported share price.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) insider Steven Vontur sold 3,050 shares of the company's stock in a transaction on Thursday, August 27th. The stock was 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 in the company, valued at approximately $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Intuitive Machines Trading Down 5.0%
Shares of LUNR stock opened at $15.37 on Friday. The company's fifty day moving average price is $16.51 and its 200-day moving average price is $21.81. The stock has a market cap of $3.52 billion, a PE ratio of -16.18 and a beta of 1.83. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $212.32 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on LUNR shares. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 18th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. B. Riley Financial decreased their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a report on Friday, August 14th. Roth Capital set a $30.00 price objective on Intuitive Machines in a research report on Thursday, August 13th. Finally, Stifel Nicolaus upgraded Intuitive Machines from a "hold" rating to a "buy" rating and cut their target price for the company from $32.00 to $26.00 in a research note on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.06.
Get Our Latest Stock Analysis on LUNR
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Invesco Ltd. lifted its holdings in shares of Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company's stock valued at $120,000 after buying an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company's stock worth $184,000 after buying an additional 7,528 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Intuitive Machines in the first quarter worth $139,000. Creative Planning grew its holdings in shares of Intuitive Machines by 29.3% in the second quarter. Creative Planning now owns 30,407 shares of the company's stock worth $331,000 after acquiring an additional 6,886 shares during the period. Finally, Cetera Investment Advisers increased its position in Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company's stock valued at $205,000 after acquiring an additional 2,506 shares during the last quarter. Institutional investors own 72.21% of the company's stock.
Intuitive Machines Company Profile
(
Get Free Report)
Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.
Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.
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