Cantor Fitzgerald Reaffirms “Overweight” Rating for Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They presently have a $10.00 target price on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 14.55% from the company’s previous close.

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

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded down $0.05 during trading on Monday, hitting $8.73. The stock had a trading volume of 2,743,701 shares, compared to its average volume of 8,587,577. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $13.25. The firm has a fifty day moving average of $5.19 and a two-hundred day moving average of $5.02. The company has a market capitalization of $1.09 billion, a PE ratio of 20.93 and a beta of 0.26.

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

Insider Transactions at Intuitive Machines

In related news, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 117,500 shares in the company, valued at approximately $655,650. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $29,041,522.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Vontur sold 10,274 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at approximately $655,650. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,997,755 shares of company stock worth $28,250,647. 73.68% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently modified their holdings of the business. Inscription Capital LLC bought a new stake in shares of Intuitive Machines in the 1st quarter worth approximately $304,000. Tealwood Asset Management Inc. bought a new stake in Intuitive Machines in the first quarter worth $131,000. Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines in the first quarter worth $119,000. Deuterium Capital Management LLC bought a new position in shares of Intuitive Machines during the first quarter valued at $125,000. Finally, Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines during the first quarter valued at $67,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.