Canaccord Genuity Group Issues Pessimistic Forecast for Intuitive Machines (NASDAQ:LUNR) Stock Price

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

A number of other research analysts have also issued reports on LUNR. Zacks Research upgraded shares of Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Barclays initiated coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They set a “neutral” rating for the company. Bank of America dropped their price objective on Intuitive Machines from $16.00 to $10.50 and set an “underperform” rating on the stock in a research note on Wednesday, July 16th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Finally, UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Monday. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Moderate Buy” and an average price target of $15.30.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $8.69 on Tuesday. The stock’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $11.11. Intuitive Machines has a twelve month low of $4.50 and a twelve month high of $24.95. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -2.68 and a beta of 1.40.

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

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 201,270 shares of company stock worth $2,481,659. 39.75% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Institutional investors have recently made changes to their positions in the business. Quarry LP bought a new stake in Intuitive Machines in the fourth quarter valued at about $44,000. Golden State Wealth Management LLC boosted its holdings in Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares during the period. Ancora Advisors LLC acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $91,000. Finally, GAMMA Investing LLC raised its holdings in shares of Intuitive Machines by 97,862.5% in the 1st quarter. GAMMA Investing LLC now owns 7,837 shares of the company’s stock worth $580,000 after buying an additional 7,829 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.