Intuitive Machines’ (LUNR) Overweight Rating Reaffirmed at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating reissued by equities researchers at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $10.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 32.10% from the company’s previous close.

A number of other research firms have also recently commented on LUNR. Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley boosted their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Trading Down 6.0 %

Shares of NASDAQ:LUNR opened at $7.57 on Monday. The company has a 50 day moving average of $5.33 and a 200 day moving average of $5.06. The stock has a market cap of $943.46 million, a P/E ratio of 18.46 and a beta of 0.26. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $13.25.

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

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 143,989 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $4.04, for a total transaction of $581,715.56. Following the completion of the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,465,752.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Timothy Price Crain II sold 143,989 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $4.04, for a total transaction of $581,715.56. Following the completion of the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,465,752.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen J. Altemus sold 250,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $8,207,380.19. The disclosure for this sale can be found here. Insiders sold 3,991,744 shares of company stock worth $28,226,603 in the last three months. 73.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position 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. Wedbush Securities Inc. purchased a new position in Intuitive Machines during the 2nd quarter valued at $35,000. XTX Topco Ltd purchased a new position in Intuitive Machines during the 2nd quarter valued at $164,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines during the 2nd quarter valued at $272,000. Finally, Sanders Morris Harris LLC purchased a new position in Intuitive Machines during the 1st quarter valued at $119,000. 72.21% of the stock is owned by hedge funds and other 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.