Cantor Fitzgerald Reaffirms “Overweight” Rating for Intuitive Machines (NASDAQ:LUNR)

Cantor Fitzgerald reaffirmed their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report issued on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $10.00 price objective on the stock.

LUNR has been the subject of a number of other reports. Benchmark reiterated a buy rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Roth Mkm restated a buy rating and issued a $15.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $5.14 on Wednesday. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The firm has a market cap of $627.03 million, a PE ratio of 12.54 and a beta of 0.34. The firm’s 50 day moving average price is $5.61 and its two-hundred day moving average price is $4.36.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Intuitive Machines had a negative return on equity of 2.04% and a negative net margin of 19.48%. The company had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. During the same period last year, the company posted ($0.24) earnings per share.

Insider Buying and Selling at Intuitive Machines

In other news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total value of $1,112,215.83. Following the transaction, the insider now directly owns 1,302,673 shares in the company, valued at $11,711,030.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Solstein Capital LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at about $44,000. Hemington Wealth Management bought a new stake in shares of Intuitive Machines during the fourth quarter valued at approximately $26,000. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Intuitive Machines in the first quarter valued at $67,000. Sanders Morris Harris LLC bought a new position in Intuitive Machines in the first quarter worth $119,000. Finally, Deuterium Capital Management LLC acquired a new stake in Intuitive Machines during the first quarter worth $125,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.