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

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They currently have a $10.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 159.07% from the company’s previous close.

A number of other research firms have also recently weighed in on LUNR. Roth Mkm cut their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Canaccord Genuity Group lowered their target price on shares of 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 restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, B. Riley started coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They issued a “buy” rating and a $8.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $9.80.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $3.86 on Monday. The firm’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.67. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $13.25. The firm has a market capitalization of $481.07 million, a PE ratio of 9.41 and a beta of 0.21.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $73.07 million for the quarter, compared to analysts’ expectations of $45.00 million. During the same quarter last year, the firm earned ($0.24) EPS. Analysts expect that Intuitive Machines will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Hemington Wealth Management acquired a new position in shares of Intuitive Machines during the 4th quarter worth $26,000. Solstein Capital LLC purchased a new stake in Intuitive Machines in the 1st quarter valued at about $44,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines in the 1st quarter valued at about $67,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines in the 1st quarter valued at about $119,000. Finally, Deuterium Capital Management LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter worth about $125,000. Institutional investors and hedge funds 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.