Intuitive Machines (NASDAQ:LUNR) Announces Earnings Results

Intuitive Machines (NASDAQ:LUNR - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12, Zacks reports. The company had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million.

Intuitive Machines Stock Down 2.4 %

Shares of NASDAQ LUNR traded down $0.20 during mid-day trading on Friday, reaching $8.07. 7,242,922 shares of the company were exchanged, compared to its average volume of 11,795,965. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The firm has a 50-day moving average of $15.28 and a 200 day moving average of $13.02. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -2.74 and a beta of 1.01.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LUNR shares. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Roth Mkm reduced their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald lowered their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target on the stock. Finally, Benchmark reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now owns 98,656 shares of the company's stock, valued at $2,219,760. The trade was a 8.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 391,767 shares of company stock worth $7,233,038 over the last quarter. Insiders own 73.68% of the company's stock.

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.