Weekly Analysts’ Ratings Updates for Intuitive Machines (LUNR)

Intuitive Machines (NASDAQ: LUNR) recently received a number of ratings updates from brokerages and research firms:

• 9/19/2024 – Intuitive Machines had its price target raised by analysts at B. Riley from $8.00 to $12.00. They now have a “buy” rating on the stock.
• 9/18/2024 – Intuitive Machines had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.
• 9/18/2024 – Intuitive Machines had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $10.00 price target on the stock.
• 9/18/2024 – Intuitive Machines had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $10.00 price target on the stock.
• 9/9/2024 – Intuitive Machines had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.
• 9/3/2024 – Intuitive Machines had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.
• 8/30/2024 – Intuitive Machines had its price target raised by analysts at Roth Mkm from $7.00 to $10.00. They now have a “buy” rating on the stock.
• 8/14/2024 – Intuitive Machines had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.
• 8/14/2024 – Intuitive Machines had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $10.00 price target on the stock.

Intuitive Machines Stock Up 10.0 %

LUNR stock opened at $8.78 on Monday. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $13.25. The firm’s 50-day simple moving average is $5.19 and its 200 day simple moving average is $5.02. The stock has a market cap of $1.09 billion, a PE ratio of 21.41 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Equities analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $29,041,522.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Intuitive Machines news, Director Michael Blitzer sold 662,673 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $8.19, for a total transaction of $5,427,291.87. Following the transaction, the director now owns 1,062,865 shares of the company’s stock, valued at approximately $8,704,864.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $29,041,522.08. The disclosure for this sale can be found here. Insiders have sold a total of 3,997,755 shares of company stock valued at $28,250,647 in the last quarter. Company insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $56,000. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $536,000. XTX Topco Ltd bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $164,000. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $35,000. Finally, Rhumbline Advisers bought a new position in shares of Intuitive Machines during the 2nd quarter valued at about $119,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.