Intuitive Machines (NASDAQ:LUNR) Price Target Cut to $18.50 by Analysts at Canaccord Genuity Group

Intuitive Machines (NASDAQ:LUNR) had its price target decreased by Canaccord Genuity Group from $19.00 to $18.50 in a research report released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

LUNR has been the topic of a number of other reports. UBS Group restated a “buy” rating on shares of Intuitive Machines in a report on Monday. Craig Hallum initiated coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, May 14th. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Finally, Zacks Research raised shares of Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and a consensus target price of $15.30.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $8.69 on Tuesday. Intuitive Machines has a 12 month low of $4.50 and a 12 month high of $24.95. The company has a market capitalization of $1.55 billion, a P/E ratio of -2.68 and a beta of 1.40. The company’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $11.11.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million for the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current year.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company’s stock, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 201,270 shares of company stock worth $2,481,659 in the last ninety days. 39.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in LUNR. Golden State Wealth Management LLC grew its stake in shares of Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after buying an additional 1,800 shares in the last quarter. Quarry LP acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $44,000. Nisa Investment Advisors LLC grew its position in Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after acquiring an additional 1,127 shares in the last quarter. Rossby Financial LCC bought a new stake in Intuitive Machines in the first quarter worth approximately $67,000. Finally, Sigma Planning Corp acquired a new position in shares of Intuitive Machines during the 1st quarter worth $78,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.