Cantor Fitzgerald Cuts Intuitive Machines (NASDAQ:LUNR) Price Target to $13.00

Intuitive Machines (NASDAQ:LUNR) had its price objective cut by Cantor Fitzgerald from $15.00 to $13.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Intuitive Machines’ FY2024 earnings at ($4.63) EPS and FY2025 earnings at ($0.32) EPS.

Other analysts have also issued research reports about the company. Canaccord Genuity Group reduced their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a report on Tuesday. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $8.27 on Tuesday. The business has a 50 day simple moving average of $15.49 and a 200 day simple moving average of $12.90. The firm has a market capitalization of $1.16 billion, a P/E ratio of -2.81 and a beta of 1.01. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. Research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 391,767 shares of company stock valued at $7,233,038. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp raised its stake in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth about $85,000. Steward Partners Investment Advisory LLC lifted its position in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in Intuitive Machines in the 4th quarter valued at $91,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

About Intuitive Machines

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.