Intuitive Machines (NASDAQ:LUNR) Rating Reiterated by Cantor Fitzgerald

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

LUNR has been the topic of several other research reports. Canaccord Genuity Group cut their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a buy rating on the stock in a report on Wednesday, May 15th. Benchmark reiterated a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th. B. Riley began coverage on shares of Intuitive Machines in a report on Friday. They issued a buy rating and a $8.00 price target on the stock. Finally, Roth Mkm dropped their target price 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. Five 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 price target of $9.80.

Intuitive Machines Stock Up 5.8 %

Shares of NASDAQ LUNR opened at $3.49 on Monday. Intuitive Machines has a 52 week low of $2.09 and a 52 week high of $13.25. The firm’s fifty day moving average is $4.81 and its 200 day moving average is $4.66. The company has a market cap of $434.97 million, a price-to-earnings ratio of 8.51 and a beta of 0.32.

Intuitive Machines (NASDAQ:LUNR) last released 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 for the quarter, compared to analyst estimates of $45.00 million. During the same quarter in the prior year, the business posted ($0.24) EPS. Equities research analysts anticipate that Intuitive Machines will post -0.05 earnings per share for the current year.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently modified their holdings of the business. Solstein Capital LLC bought a new position in Intuitive Machines in the 1st quarter worth about $44,000. Hemington Wealth Management bought a new position in Intuitive Machines in the 4th quarter worth about $26,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines in the 1st quarter worth about $67,000. Sanders Morris Harris LLC bought a new position in Intuitive Machines in the 1st quarter worth about $119,000. Finally, Deuterium Capital Management LLC bought a new position in Intuitive Machines in the 1st quarter worth about $125,000. Institutional investors 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.