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

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

A number of other equities research analysts have also recently issued reports on the company. B. Riley began coverage on Intuitive Machines in a research note on Friday, June 28th. They set a buy rating and a $8.00 price objective on the stock. Roth Mkm dropped their price target on Intuitive Machines from $15.00 to $10.00 and set a buy rating on the stock in a research note on Wednesday, May 15th. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $14.00 to $11.00 and set a buy rating on the stock in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has a consensus rating of Buy and an average price target of $9.80.

Intuitive Machines Stock Down 2.5 %

Shares of Intuitive Machines stock opened at $3.96 on Wednesday. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25. The stock has a market cap of $493.54 million, a P/E ratio of 9.66 and a beta of 0.21. The business’s 50 day moving average is $3.86 and its 200-day moving average is $4.97.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intuitive Machines news, SVP Timothy Price Crain II sold 143,989 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $4.04, for a total value of $581,715.56. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,465,752.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $4,126,463.07. The disclosure for this sale can be found here. Insiders have sold a total of 607,050 shares of company stock valued at $2,508,917 in the last ninety days. 73.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Inscription Capital LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter worth $304,000. Tealwood Asset Management Inc. acquired a new stake in shares of Intuitive Machines during the 1st quarter worth $131,000. Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter worth $119,000. Solstein Capital LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter worth $44,000. Finally, Deuterium Capital Management LLC acquired a new stake in Intuitive Machines in the first quarter valued at about $125,000. 72.21% of the stock is 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.