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

Cantor Fitzgerald reissued their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $10.00 price target on the stock.

Other analysts also recently issued reports about the stock. B. Riley initiated coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They set a buy rating and a $8.00 target price on the stock. Roth Mkm upped their price target on shares of Intuitive Machines from $7.00 to $10.00 and gave the stock a buy rating in a research note on Friday, August 30th. Benchmark reaffirmed a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Finally, Canaccord Genuity Group dropped their price target on shares of 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of $9.80.

Intuitive Machines Stock Down 3.4 %

Shares of NASDAQ:LUNR opened at $5.10 on Tuesday. The company’s fifty day moving average is $4.22 and its two-hundred day moving average is $5.01. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25. The company has a market cap of $635.62 million, a P/E ratio of 12.44 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. Equities research analysts anticipate that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $1,219,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $4,126,463.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 608,250 shares of company stock worth $2,516,117. Corporate insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 429,531 shares during the period. Sanders Morris Harris LLC bought a new stake in Intuitive Machines during the first quarter valued at about $119,000. Inscription Capital LLC bought a new stake in Intuitive Machines during the first quarter valued at about $304,000. Tealwood Asset Management Inc. bought a new stake in Intuitive Machines during the first quarter valued at about $131,000. Finally, Deuterium Capital Management LLC bought a new stake in Intuitive Machines during the first quarter valued at about $125,000. 72.21% of the stock is currently owned by institutional investors.

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.