Intuitive Machines (NASDAQ:LUNR) Releases Earnings Results, Misses Expectations By $0.29 EPS

Intuitive Machines (NASDAQ:LUNR) posted its quarterly earnings data on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.29), FiscalAI reports. The firm had revenue of $44.79 million for the quarter, compared to analysts’ expectations of $53.37 million.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $18.11 on Thursday. The company’s fifty day moving average price is $18.42 and its 200-day moving average price is $13.86. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $23.32. The firm has a market capitalization of $3.26 billion, a P/E ratio of -7.33 and a beta of 1.40.

Insiders Place Their Bets

In other Intuitive Machines news, CEO Stephen J. Altemus sold 1,958,593 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $15.77, for a total value of $30,887,011.61. Following the sale, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $16.04, for a total value of $3,208,000.00. Following the transaction, the senior vice president owned 298,435 shares of the company’s stock, valued at $4,786,897.40. The trade was a 40.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,689,913 shares of company stock valued at $62,240,781 over the last 90 days. 39.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Intuitive Machines by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock valued at $147,000 after purchasing an additional 1,499 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Intuitive Machines by 144.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after purchasing an additional 1,738 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Intuitive Machines by 15.1% in the fourth quarter. Russell Investments Group Ltd. now owns 14,213 shares of the company’s stock valued at $231,000 after purchasing an additional 1,866 shares during the period. Mariner LLC grew its holdings in Intuitive Machines by 8.1% in the fourth quarter. Mariner LLC now owns 25,849 shares of the company’s stock valued at $419,000 after purchasing an additional 1,933 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Intuitive Machines by 6.6% in the second quarter. IHT Wealth Management LLC now owns 36,721 shares of the company’s stock valued at $399,000 after buying an additional 2,280 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research note on Monday, January 12th. Bank of America boosted their price objective on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a report on Wednesday, November 19th. Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, February 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus target price of $17.80.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.