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

Intuitive Machines (NASDAQ:LUNR) had its price target lowered by stock analysts at Cantor Fitzgerald from $15.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 47.90% from the stock’s current price.

LUNR has been the topic of a number of other research reports. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Mkm reduced their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday. Bank of America initiated coverage on Intuitive Machines in a report 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 report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Trading Down 4.5 %

NASDAQ:LUNR opened at $8.79 on Tuesday. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The firm’s 50 day moving average is $15.70 and its 200 day moving average is $12.93. The stock has a market capitalization of $1.23 billion, a PE ratio of -2.99 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Intuitive Machines will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the sale, the insider now directly owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 391,767 shares of company stock valued at $7,233,038 over the last 90 days. Insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new stake in Intuitive Machines in the fourth quarter valued at approximately $33,255,000. D. E. Shaw & Co. Inc. raised its holdings in Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after buying an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. boosted its position in Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after buying an additional 1,017,706 shares during the period. Renaissance Technologies LLC grew its holdings in Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after acquiring an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Intuitive Machines in the fourth quarter valued at about $9,133,000. 72.21% of the stock is currently owned by hedge funds and other 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.