NextDecade (NASDAQ:NEXT) Trading 11.7% Higher

NextDecade Co. (NASDAQ:NEXTGet Rating) traded up 11.7% on Tuesday . The stock traded as high as $7.53 and last traded at $7.44. 50,368 shares changed hands during trading, a decline of 96% from the average session volume of 1,252,985 shares. The stock had previously closed at $6.66.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus downgraded NextDecade from a “hold” rating to a “sell” rating and boosted their target price for the company from $2.00 to $4.00 in a research report on Tuesday, April 26th. Morgan Stanley cut their price objective on NextDecade from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 16th. Credit Suisse Group downgraded NextDecade from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $3.00 to $7.50 in a research report on Friday, April 1st. Finally, Zacks Investment Research downgraded NextDecade from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, NextDecade currently has an average rating of “Hold” and an average price target of $6.40.

The company has a fifty day simple moving average of $5.73 and a two-hundred day simple moving average of $3.94.

A number of large investors have recently made changes to their positions in the stock. Shay Capital LLC acquired a new position in shares of NextDecade in the fourth quarter valued at about $36,000. Deprince Race & Zollo Inc. increased its holdings in shares of NextDecade by 18.2% in the third quarter. Deprince Race & Zollo Inc. now owns 19,500 shares of the company’s stock valued at $54,000 after purchasing an additional 3,000 shares during the period. Squarepoint Ops LLC acquired a new position in shares of NextDecade in the third quarter valued at about $63,000. Captrust Financial Advisors increased its holdings in shares of NextDecade by 100.0% in the first quarter. Captrust Financial Advisors now owns 10,000 shares of the company’s stock valued at $66,000 after purchasing an additional 5,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in NextDecade during the third quarter worth about $77,000. 63.95% of the stock is currently owned by institutional investors.

NextDecade Company Profile (NASDAQ:NEXT)

NextDecade Corp. is a development company.

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