Intuitive Machines (NASDAQ:LUNR) Price Target Raised to $15.00 at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR) had its target price hoisted by Cantor Fitzgerald from $10.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on LUNR. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. 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. Finally, B. Riley boosted their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $13.10.

Intuitive Machines Stock Up 21.4 %

Shares of Intuitive Machines stock traded up $2.19 during trading on Friday, hitting $12.42. 37,661,389 shares of the company were exchanged, compared to its average volume of 9,480,033. Intuitive Machines has a fifty-two week low of $2.09 and a fifty-two week high of $14.90. The firm has a 50 day moving average price of $8.02 and a 200 day moving average price of $5.71. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -15.15 and a beta of 0.35.

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 analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Analysts predict that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares in the company, valued at $21,593,764.48. The trade was a 13.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the completion of the transaction, the chief financial officer now directly owns 117,500 shares in the company, valued at approximately $655,650. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,763,571 shares of company stock valued at $38,671,383 in the last ninety days. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Several large investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines in the third quarter worth about $83,000. Wedbush Securities Inc. acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $35,000. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $85,000. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines during the third quarter worth $93,000. Finally, Creative Planning purchased a new position in shares of Intuitive Machines in the third quarter valued at $105,000. 72.21% of the stock is currently 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.