Cantor Fitzgerald Issues Pessimistic Forecast for Intuitive Machines (NASDAQ:LUNR) Stock Price

Intuitive Machines (NASDAQ:LUNR) had its price target dropped by equities researchers at Cantor Fitzgerald from $15.00 to $13.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 47.90% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Roth Mkm reduced their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. Finally, Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $8.79 on Tuesday. The company has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $12.93. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The firm has a market cap of $1.23 billion, a PE ratio of -2.99 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. As a group, research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 391,767 shares of company stock worth $7,233,038 in the last quarter. 73.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp increased its position in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC purchased a new position in Intuitive Machines in the fourth quarter worth $91,000. Finally, Victory Capital Management Inc. bought a new position in Intuitive Machines in the 4th quarter valued at $183,000. 72.21% of the stock is currently owned by 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.