Cantor Fitzgerald Reiterates “Overweight” Rating for Intuitive Machines (NASDAQ:LUNR)

Cantor Fitzgerald reiterated their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report released on Monday morning, Benzinga reports. The firm currently has a $10.00 target price on the stock.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $14.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, May 15th. Benchmark reiterated a buy rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Roth Mkm lowered their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a buy rating for the company in a report on Wednesday, May 15th. Finally, B. Riley initiated coverage on shares of Intuitive Machines in a report on Friday, June 28th. They set a buy rating and a $8.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines currently has an average rating of Buy and a consensus target price of $9.80.

Intuitive Machines Stock Down 5.4 %

Intuitive Machines stock opened at $3.65 on Monday. The firm has a 50 day moving average price of $4.71 and a 200-day moving average price of $4.66. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The company has a market capitalization of $454.90 million, a P/E ratio of 8.90 and a beta of 0.21.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The company had revenue of $73.07 million for the quarter, compared to the consensus estimate of $45.00 million. During the same period in the previous year, the business posted ($0.24) earnings per share. Equities analysts expect that Intuitive Machines will post 0.3 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. Vanguard Group Inc. grew its position in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after buying an additional 429,531 shares during the period. Inscription Capital LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter valued at about $304,000. Tealwood Asset Management Inc. acquired a new position in Intuitive Machines in the 1st quarter worth about $131,000. Deuterium Capital Management LLC purchased a new position in Intuitive Machines during the first quarter worth approximately $125,000. Finally, Sanders Morris Harris LLC acquired a new stake in Intuitive Machines in the first quarter valued at approximately $119,000. Institutional investors own 72.21% of the company’s stock.

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.