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

Cantor Fitzgerald reissued their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report released on Wednesday morning, Benzinga reports. They currently have a $10.00 price objective on the stock.

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

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $9.15 on Wednesday. The stock’s 50 day simple moving average is $4.81 and its two-hundred day simple moving average is $4.93. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 22.32 and a beta of 0.26. Intuitive Machines has a fifty-two week low of $2.09 and a fifty-two week high of $13.25.

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

Insider Buying and Selling

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Intuitive Machines news, CEO Stephen J. Altemus sold 250,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was 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 directly owns 910,919 shares of the company’s stock, valued at $8,207,380.19. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were 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 of the company’s stock, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,039,827 shares of company stock valued at $20,042,765. 73.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines during the second quarter valued at about $56,000. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the second quarter valued at about $536,000. XTX Topco Ltd purchased a new position in shares of Intuitive Machines during the second quarter valued at about $164,000. Wedbush Securities Inc. purchased a new position in Intuitive Machines in the second quarter worth about $35,000. Finally, Rhumbline Advisers purchased a new position in Intuitive Machines in the second quarter worth about $119,000. 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.