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

Cantor Fitzgerald reaffirmed their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $10.00 target price on the stock.

A number of other analysts have also recently commented on LUNR. Benchmark restated a buy rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, August 14th. Roth Mkm upped their price objective on shares of Intuitive Machines from $7.00 to $10.00 and gave the stock a buy rating in a report on Friday, August 30th. B. Riley assumed coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They set a buy rating and a $8.00 target price for the company. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $14.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, May 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average price target of $9.80.

Intuitive Machines Stock Up 4.6 %

NASDAQ LUNR opened at $5.20 on Tuesday. The firm has a market capitalization of $668.46 million, a PE ratio of 12.59 and a beta of 0.21. The stock’s 50 day moving average is $4.12 and its 200 day moving average is $5.02. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25.

Insider Activity

In related news, SVP Timothy Price Crain II sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,219,041.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total transaction of $919,671.54. Following the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction that occurred on 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 of the company’s stock, valued at $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold a total of 607,050 shares of company stock worth $2,508,917 over the last 90 days. 73.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. Solstein Capital LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at $44,000. Wedbush Securities Inc. bought a new position in Intuitive Machines in the second quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. purchased a new position in Intuitive Machines in the first quarter worth about $67,000. Sender Co & Partners Inc. bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at about $56,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at about $119,000. 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.