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 sent to investors on Monday, Benzinga reports. They currently have a $10.00 price objective on the stock.

Several other research firms also recently commented on LUNR. Roth Mkm upped their price target on shares of Intuitive Machines from $7.00 to $10.00 and gave the company a buy rating in a research note on Friday, August 30th. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a research report on Wednesday, May 15th. B. Riley initiated coverage on Intuitive Machines in a research report on Friday, June 28th. They set a buy rating and a $8.00 price target on the stock. Finally, Benchmark reaffirmed a buy rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $9.80.

Intuitive Machines Stock Down 3.1 %

Shares of LUNR stock opened at $5.63 on Monday. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25. The company has a market capitalization of $701.68 million, a PE ratio of 13.73 and a beta of 0.25. The firm has a 50 day moving average price of $4.37 and a two-hundred day moving average price of $4.88.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping 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. As a group, research analysts expect that Intuitive Machines will post 0.47 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

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 stock was sold at an average price of $3.36, for a total transaction 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 approximately $1,219,041.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other 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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 50,000 shares of the firm’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 sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 608,250 shares of company stock valued at $2,516,117. 73.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

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