Brokers Set Expectations for LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Cantor Fitzgerald issued their FY2024 earnings estimates for shares of Intuitive Machines in a note issued to investors on Tuesday, March 25th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($4.63) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $13.00 target price on the stock. The consensus estimate for Intuitive Machines’ current full-year earnings is $0.73 per share. Cantor Fitzgerald also issued estimates for Intuitive Machines’ FY2025 earnings at ($0.32) EPS.

A number of other analysts also recently commented on LUNR. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research report on Friday, March 7th. Finally, Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $8.07 on Thursday. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95. The firm has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $12.92. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -2.74 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. Vanguard Group Inc. increased its holdings in shares of Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the period. Two Sigma Investments LP bought a new position in Intuitive Machines in the 4th quarter worth about $33,255,000. Renaissance Technologies LLC increased its stake in Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after acquiring an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Intuitive Machines by 3,991.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after acquiring an additional 1,133,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after acquiring an additional 191,733 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares of the company’s stock, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 391,767 shares of company stock worth $7,233,038. 73.68% of the stock is owned by corporate insiders.

About Intuitive Machines

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.