Intuitive Machines (NASDAQ:LUNR) Given New $15.00 Price Target at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR) had its price objective lifted by stock analysts at Cantor Fitzgerald from $10.00 to $15.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 46.63% from the company’s previous close.

Other analysts have also issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines has a consensus rating of “Buy” and an average price target of $12.80.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $10.23 on Friday. The stock’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $5.63. Intuitive Machines has a one year low of $2.09 and a one year high of $14.90. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -12.48 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results 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 during the quarter, compared to analyst estimates of $43.00 million. On average, research analysts anticipate that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, 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 transaction of $57,328.92. Following the completion of the sale, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at approximately $655,650. This represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,763,571 shares of company stock worth $38,671,383 over the last 90 days. Insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Vanguard Group Inc. boosted its position in Intuitive Machines by 250.0% during the first 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 last quarter. Sanders Morris Harris LLC increased its stake in shares of Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at approximately $272,000. Rhumbline Advisers bought a new position in shares of Intuitive Machines in the 2nd quarter valued at $119,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Intuitive Machines during the second quarter valued at about $35,000. Institutional investors and hedge funds 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.