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

Cantor Fitzgerald reaffirmed their overweight rating on shares of Intuitive Machines (NASDAQ:LUNR - Free Report) in a report published on Wednesday, Benzinga reports. They currently have a $10.00 target price on the stock.

Several other research firms have also weighed in on LUNR. Benchmark reiterated a buy rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th. Roth Mkm reiterated a buy rating and issued a $15.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Price Performance

LUNR traded down $0.49 on Wednesday, reaching $5.21. 2,942,907 shares of the company's stock were exchanged, compared to its average volume of 7,423,955. The stock has a market cap of $635.57 million, a PE ratio of 2.11 and a beta of 0.34. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The stock's fifty day moving average price is $5.60 and its 200-day moving average price is $4.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) 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). The business had revenue of $73.07 million for the quarter, compared to analyst estimates of $45.00 million. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. As a group, research analysts predict that Intuitive Machines will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the completion of the transaction, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 73.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Intuitive Machines during the 3rd quarter worth approximately $365,000. Nomura Holdings Inc. acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at $1,369,000. Hemington Wealth Management acquired a new position in shares of Intuitive Machines in the 4th quarter valued at $26,000. Vanguard Group Inc. boosted its holdings in shares of Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock valued at $3,758,000 after buying an additional 429,531 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Intuitive Machines in the 1st quarter valued at $67,000. Institutional investors and hedge funds 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.