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

Cantor Fitzgerald reaffirmed their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research note released on Wednesday, Benzinga reports. The brokerage currently has a $10.00 price objective on the stock.

Several other research analysts have also commented on LUNR. Benchmark restated a buy rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. B. Riley assumed coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They set a buy rating and a $8.00 target price on the stock. Finally, Roth Mkm reaffirmed a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $9.80.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $7.47 on Wednesday. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.88. The company has a market capitalization of $931.00 million, a P/E ratio of 18.22 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. On average, equities analysts anticipate that Intuitive Machines will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Timothy Price Crain II sold 50,000 shares of the 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 of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Stephen J. Altemus sold 203,018 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now owns 910,919 shares in the company, valued at $4,126,463.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 50,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,827,154 shares of company stock valued at $9,893,973 in the last three months. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter worth about $35,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $67,000. Rhumbline Advisers acquired a new stake in Intuitive Machines in the 2nd quarter valued at $119,000. Finally, Sanders Morris Harris LLC bought a new stake in Intuitive Machines in the first quarter valued at $119,000. 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.