Intuitive Machines (NASDAQ:LUNR) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Intuitive Machines (NASDAQ:LUNRFree Report) in a research note published on Monday, Benzinga reports. Cantor Fitzgerald currently has a $10.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. B. Riley initiated coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a buy rating and a $8.00 target price for the company. Benchmark reaffirmed a buy rating and set a $10.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th. Canaccord Genuity Group cut their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a report on Wednesday, May 15th. Finally, Roth Mkm reduced their price target on shares of Intuitive Machines from $15.00 to $10.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $9.80.

View Our Latest Research Report on LUNR

Intuitive Machines Stock Down 5.4 %

LUNR opened at $3.65 on Monday. The stock has a market cap of $454.90 million, a PE ratio of 8.90 and a beta of 0.21. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The company has a fifty day moving average of $4.71 and a 200-day moving average of $4.66.

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

Insiders Place Their Bets

In related news, SVP Timothy Price Crain II sold 50,000 shares of the 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 completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the company. Hemington Wealth Management bought a new position in Intuitive Machines in the fourth quarter worth approximately $26,000. Inscription Capital LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at $304,000. Tealwood Asset Management Inc. bought a new stake in shares of Intuitive Machines in the first quarter valued at about $131,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines in the first quarter worth about $119,000. Finally, Solstein Capital LLC bought a new position in Intuitive Machines during the 1st quarter worth about $44,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

(Get Free Report)

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 ┬ÁNova, 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.

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