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

Cantor Fitzgerald reiterated their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research note released on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $10.00 price objective on the stock.

LUNR has been the subject of several other reports. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a report on Wednesday, May 15th. Benchmark reaffirmed a buy rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Roth Mkm reduced their price objective on Intuitive Machines from $15.00 to $10.00 and set a buy rating for the company in a report on Wednesday, May 15th. Finally, B. Riley started coverage on Intuitive Machines in a research report on Friday, June 28th. They set a buy rating and a $8.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $9.80.

Intuitive Machines Price Performance

LUNR opened at $4.33 on Monday. The business has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $4.83. The stock has a market capitalization of $539.65 million, a P/E ratio of 10.56 and a beta of 0.21. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. During the same period in the prior year, the company earned ($0.24) earnings per share. Research analysts anticipate that Intuitive Machines will post 0.3 EPS for the current year.

Insider Activity

In other news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the sale, the senior vice president now directly 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. Insiders sold a total of 259,029 shares of company stock valued at $1,111,716 over the last quarter. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in Intuitive Machines during the first quarter valued at about $44,000. Hemington Wealth Management purchased a new stake in Intuitive Machines during the fourth quarter valued at about $26,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines during the first quarter valued at about $67,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines during the first quarter valued at about $119,000. Finally, Deuterium Capital Management LLC purchased a new stake in Intuitive Machines during the first quarter valued at about $125,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.