NextDecade (NASDAQ:NEXT) Shares Gap Down to $5.41

Shares of NextDecade Co. (NASDAQ:NEXT – Get Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $5.41, but opened at $5.00. NextDecade shares last traded at $4.98, with a volume of 7,027 shares traded.

Several research firms recently commented on NEXT. Credit Suisse Group cut shares of NextDecade from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $7.50 in a report on Friday, April 1st. Stifel Nicolaus cut shares of NextDecade from a “hold” rating to a “sell” rating and raised their price target for the stock from $2.00 to $4.00 in a report on Tuesday, April 26th.

The company has a market cap of $611.28 million, a P/E ratio of -17.70 and a beta of 0.43. The stock’s 50-day moving average price is $6.36 and its 200 day moving average price is $4.45.

A number of hedge funds have recently made changes to their positions in NEXT. Shay Capital LLC bought a new stake in NextDecade in the 4th quarter valued at $36,000. Squarepoint Ops LLC bought a new stake in NextDecade in the 3rd quarter valued at $63,000. Captrust Financial Advisors increased its holdings in NextDecade by 100.0% in the 1st quarter. Captrust Financial Advisors now owns 10,000 shares of the company’s stock valued at $66,000 after buying an additional 5,000 shares during the period. Belvedere Trading LLC bought a new stake in NextDecade in the 1st quarter valued at $100,000. Finally, Rafferty Asset Management LLC increased its holdings in NextDecade by 22.5% in the 4th quarter. Rafferty Asset Management LLC now owns 38,097 shares of the company’s stock valued at $109,000 after buying an additional 7,001 shares during the period. 63.95% of the stock is currently owned by institutional investors and hedge funds.

About NextDecade (NASDAQ:NEXT)

NextDecade Corp. is a development company.

Read More