Equities Analysts Set Expectations for LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Investment analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of Intuitive Machines in a report released on Thursday, December 5th. B. Riley analyst M. Crawford now anticipates that the company will post earnings per share of $0.73 for the year, up from their previous estimate of $0.70. B. Riley has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Intuitive Machines’ current full-year earnings is $0.70 per share. B. Riley also issued estimates for Intuitive Machines’ Q2 2025 earnings at ($0.05) EPS.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a report on Friday. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Benchmark upped their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Roth Mkm restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines currently has an average rating of “Buy” and an average target price of $14.10.

Intuitive Machines Trading Up 3.5 %

Shares of LUNR stock opened at $12.42 on Monday. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $17.14. The stock has a market cap of $1.74 billion, a P/E ratio of -4.22 and a beta of 0.93. The stock has a 50 day moving average of $10.01 and a 200 day moving average of $6.58.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the 2nd quarter worth $536,000. Bank of New York Mellon Corp acquired a new position in shares of Intuitive Machines during the 2nd quarter valued at about $272,000. Finally, Stifel Financial Corp acquired a new position in shares of Intuitive Machines during the 3rd quarter valued at about $525,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.08, for a total value of $3,469,886.40. Following the transaction, the director now directly owns 3,551,606 shares of the company’s stock, valued at approximately $21,593,764.48. This trade represents a 13.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Timothy Price Crain II sold 197,637 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the transaction, the senior vice president now owns 362,810 shares in the company, valued at $2,195,000.50. The trade was a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,140,344 shares of company stock worth $44,348,897. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Company Profile

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.