Intuitive Machines’ (LUNR) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

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

Several other research analysts have also recently weighed in on the company. Roth Mkm reduced their price target on Intuitive Machines from $15.00 to $10.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Canaccord Genuity Group reduced their price target on Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company 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. Finally, B. Riley started coverage on Intuitive Machines in a report on Friday, June 28th. They issued a buy rating and a $8.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $9.80.

Intuitive Machines Stock Up 3.3 %

Shares of NASDAQ:LUNR opened at $4.33 on Monday. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The stock has a market cap of $539.65 million, a price-to-earnings ratio of 10.56 and a beta of 0.21. The business has a 50-day moving average price of $4.24 and a 200-day moving average price of $4.83.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The company had revenue of $73.07 million during the quarter, compared to the consensus estimate of $45.00 million. During the same period in the prior year, the company posted ($0.24) EPS. As a group, equities analysts anticipate that Intuitive Machines will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was 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 of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction that occurred on Monday, July 1st. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 259,029 shares of company stock valued at $1,111,716. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Machines in the second quarter worth approximately $272,000. Sanders Morris Harris LLC grew its holdings in Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after buying an additional 50,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in Intuitive Machines by 250.0% in the 1st 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 in the last quarter. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines in the 1st quarter valued at $67,000. Finally, Deuterium Capital Management LLC purchased a new stake in Intuitive Machines in the 1st quarter valued at $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.