Intuitive Machines (NASDAQ:LUNR) Given Overweight Rating at Cantor Fitzgerald

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

Several other brokerages also recently weighed in on LUNR. B. Riley boosted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a buy rating in a research note on Thursday, September 19th. Roth Mkm reissued a buy rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Benchmark restated a buy rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of Buy and an average price target of $10.60.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $7.15 on Monday. The firm’s 50-day moving average is $5.45 and its two-hundred day moving average is $5.09. The company has a market capitalization of $891.12 million, a PE ratio of 17.44 and a beta of 0.26. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. On average, analysts forecast that Intuitive Machines will post 0.47 EPS for the current fiscal year.

Insider Activity

In related news, SVP Timothy Price Crain II sold 143,989 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $4.04, for a total value of $581,715.56. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,465,752.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $29,041,522.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 143,989 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $4.04, for a total value of $581,715.56. Following the completion of the transaction, the senior vice president now owns 362,810 shares in the company, valued at $1,465,752.40. The disclosure for this sale can be found here. Insiders sold a total of 3,991,744 shares of company stock valued at $28,226,603 in the last 90 days. 73.68% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after buying an additional 429,531 shares during the period. Squarepoint Ops LLC acquired a new stake in Intuitive Machines in the 2nd quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines in the second quarter valued at about $272,000. Sanders Morris Harris LLC lifted its stake in shares of Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Intuitive Machines in the second quarter worth about $164,000. 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.