B. Riley Expects Higher Earnings for Intuitive Machines

Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) - Equities research analysts at B. Riley boosted their FY2024 earnings estimates for Intuitive Machines in a research report issued 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 target on the stock. The consensus estimate for Intuitive Machines' current full-year earnings is $0.73 per share. B. Riley also issued estimates for Intuitive Machines' Q2 2025 earnings at ($0.05) EPS.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a report on Friday. Roth Mkm restated a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Finally, Benchmark lifted their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $14.10.

Intuitive Machines Stock Up 3.1 %

Shares of LUNR traded up $0.39 during trading on Monday, reaching $12.81. 10,513,465 shares of the company traded hands, compared to its average volume of 10,213,956. The stock has a market cap of $1.80 billion, a PE ratio of -4.36 and a beta of 0.93. The stock has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $6.64. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $17.14.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the 2nd quarter valued at $35,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines in the 2nd quarter valued at $56,000. Waldron Private Wealth LLC acquired a new position in Intuitive Machines in the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines in the 3rd quarter valued at $85,000. Finally, SG Americas Securities LLC acquired a new position in Intuitive Machines in the 3rd quarter valued at $93,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at $52,561,310.72. This represents a 9.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the completion of the sale, the chief financial officer now owns 117,500 shares of the company's stock, valued at approximately $655,650. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,140,344 shares of company stock worth $44,348,897 over the last 90 days. 73.68% of the stock is owned by 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.