Intuitive Machines (NASDAQ:LUNR) Earns Overweight Rating from Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They currently have a $10.00 price objective on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 26.26% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. B. Riley initiated coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Finally, Roth Mkm restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.80.

Intuitive Machines Trading Up 46.7 %

Shares of NASDAQ LUNR traded up $2.52 during trading on Wednesday, reaching $7.92. 48,561,379 shares of the company traded hands, compared to its average volume of 7,061,313. The stock has a market cap of $987.09 million, a P/E ratio of 19.83 and a beta of 0.26. The firm’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $4.86. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $43.00 million. As a group, research analysts expect that Intuitive Machines will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. In other Intuitive Machines 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 transaction of $168,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the transaction, the director now owns 3,551,606 shares in the company, valued at approximately $21,593,764.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,827,154 shares of company stock worth $9,893,973. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

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