Intuitive Machines (NASDAQ:LUNR) Stock Falls 4.3% – Should You Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price dropped 4.3% on Wednesday. The stock traded as low as $13.93 and last traded at $14.41. Approximately 9,914,995 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 11,952,230 shares. The stock had previously closed at $15.06.

Analysts Set New Price Targets

LUNR has been the subject of several research reports. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Bank of America upped their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, August 31st. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Friday, July 17th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a report on Monday, September 21st. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Intuitive Machines Price Performance

The stock’s 50-day moving average price is $15.39 and its 200 day moving average price is $21.30. The firm has a market cap of $3.30 billion, a P/E ratio of -15.17 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR) last announced its 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 company had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. As a group, analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 3,050 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 113,997 shares in the company, valued at $1,838,771.61. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Crain, II sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $13.98, for a total value of $1,398,000.00. Following the completion of the transaction, the senior vice president owned 351,279 shares of the company’s stock, valued at $4,910,880.42. The trade was a 22.16% decrease in their position. 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 have sold 12,201,528 shares of company stock valued at $158,629,235. Corporate insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LUNR. Tema ETFs LLC boosted its holdings in shares of Intuitive Machines by 139,768.2% in the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock valued at $66,418,000 after buying an additional 3,102,854 shares during the last quarter. Tidal Investments LLC bought a new stake in Intuitive Machines during the second quarter worth $64,452,000. Renaissance Technologies LLC bought a new stake in Intuitive Machines during the first quarter worth $35,895,000. Bank of America Corp DE increased its position in Intuitive Machines by 188.9% during the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after buying an additional 1,231,188 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Intuitive Machines by 28.8% during the 1st quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock worth $12,200,000 after acquiring an additional 147,095 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

About Intuitive Machines

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.