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

Cantor Fitzgerald reissued their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a $10.00 price objective on the stock.

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

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $5.70 on Monday. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The company’s 50 day moving average price is $4.41 and its 200-day moving average price is $4.88. The company has a market capitalization of $710.40 million, a P/E ratio of 13.90 and a beta of 0.25.

Intuitive Machines (NASDAQ:LUNR) last issued 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 business had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. Analysts forecast that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Activity

In other news, CFO Steven Vontur sold 10,274 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the sale, the chief financial officer now owns 117,500 shares in the company, valued at approximately $655,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the sale, the chief financial officer now directly owns 117,500 shares in the company, valued at $655,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The disclosure for this sale can be found here. Insiders have sold 618,524 shares of company stock worth $2,573,446 over the last 90 days. 73.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the stock. Inscription Capital LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $304,000. Tealwood Asset Management Inc. purchased a new stake in Intuitive Machines in the first quarter worth $131,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines in the first quarter worth $119,000. Deuterium Capital Management LLC bought a new stake in shares of Intuitive Machines in the first quarter valued at $125,000. Finally, Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Intuitive Machines during the 1st quarter valued at $67,000. 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.