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

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

Other equities research analysts have also issued research reports about the company. B. Riley initiated coverage on Intuitive Machines in a research note on Friday, June 28th. They set a buy rating and a $8.00 price objective for the company. Roth Mkm reaffirmed a buy rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. Finally, Benchmark reaffirmed a buy rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $10.60.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $9.15 on Wednesday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 22.32 and a beta of 0.26. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The stock has a fifty day moving average of $4.81 and a 200 day moving average of $4.93.

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

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the transaction, the director now owns 3,551,606 shares in the company, valued at $21,593,764.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction dated Monday, July 1st. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock in a transaction dated Thursday, September 12th. The stock was 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. Insiders sold a total of 3,039,827 shares of company stock valued at $20,042,765 over the last 90 days. Insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the period. Squarepoint Ops LLC purchased a new position in Intuitive Machines during the 2nd quarter valued at about $536,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines during the 2nd quarter valued at about $272,000. Sanders Morris Harris LLC boosted its position in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after acquiring an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Intuitive Machines during the 2nd quarter valued at approximately $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.