Intuitive Machines (NASDAQ:LUNR) Stock Rating Reaffirmed by Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $10.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 32.10% from the company’s current price.

A number of other equities analysts have also recently issued reports on LUNR. Roth Mkm restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley upped their target price on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Buy” and a consensus target price of $10.60.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $7.57 on Monday. The business has a 50 day moving average of $5.33 and a 200-day moving average of $5.06. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $13.25. The company has a market capitalization of $943.46 million, a P/E ratio of 18.46 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last announced its 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 company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Equities analysts anticipate that Intuitive Machines will post 0.47 EPS for the current year.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 143,989 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,465,752.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Timothy Price Crain II sold 143,989 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $4.04, for a total transaction of $581,715.56. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,465,752.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen J. Altemus sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total value of $2,252,500.00. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $8,207,380.19. The disclosure for this sale can be found here. In the last three months, insiders sold 3,991,744 shares of company stock valued at $28,226,603. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in the business. Wedbush Securities Inc. bought a new stake in Intuitive Machines in the 2nd quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Intuitive Machines in the first quarter worth about $67,000. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines in the second quarter worth about $56,000. Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines in the first quarter worth about $119,000. Finally, Deuterium Capital Management LLC purchased a new position in shares of Intuitive Machines in the first quarter worth about $125,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.