Cantor Fitzgerald Forecasts Strong Price Appreciation for Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines (NASDAQ:LUNR) had its price target boosted by Cantor Fitzgerald from $10.00 to $15.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. B. Riley upped their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Buy” and a consensus price target of $13.10.

Intuitive Machines Trading Down 6.0 %

Shares of LUNR opened at $11.68 on Friday. The firm’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $5.72. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $14.90. The stock has a market capitalization of $1.50 billion, a P/E ratio of -3.97 and a beta of 0.35.

Insider Buying and Selling

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares in the company, valued at approximately $655,650. This represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $2,195,000.50. This represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,763,571 shares of company stock worth $38,671,383 in the last ninety days. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the second quarter valued at approximately $35,000. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines in the 2nd quarter valued at $56,000. Waldron Private Wealth LLC bought a new position in Intuitive Machines during the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines during the 3rd quarter worth $85,000. Finally, SG Americas Securities LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter worth $93,000. 72.21% of the stock is owned by institutional investors.

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.