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

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

LUNR has been the subject of several other reports. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a research note on Wednesday, May 15th. B. Riley assumed coverage on Intuitive Machines in a research note on Friday, June 28th. They set a buy rating and a $8.00 price target on the stock. Benchmark reiterated a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, August 14th. Finally, Roth Mkm boosted their price objective on Intuitive Machines from $7.00 to $10.00 and gave the company a buy rating in a report on Friday, August 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines currently has an average rating of Buy and an average target price of $9.80.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $5.63 on Monday. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25. The business has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $4.88. The stock has a market capitalization of $701.68 million, a P/E ratio of 13.73 and a beta of 0.25.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Equities analysts expect that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 125,577 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.02, for a total value of $504,819.54. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the company’s 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 directly owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 125,577 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.02, for a total transaction of $504,819.54. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,458,496.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 608,250 shares of company stock worth $2,516,117. Insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently modified their holdings of LUNR. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 429,531 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines in the 2nd quarter worth about $272,000. Sanders Morris Harris LLC grew its position in Intuitive Machines by 264.9% during the second 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 during the period. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines during the second quarter worth about $164,000. Hedge funds and other 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.