NextDecade (NASDAQ:NEXT) CEO Matthew K. Schatzman Acquires 281,500 Shares

Key Points

• NextDecade CEO Matthew Schatzman purchased 281,500 shares of stock at an average price of $7.14, totaling approximately $2 million, and now owns over 5.2 million shares.
• The company's stock experienced a 1.2% drop, trading at $6.76, with analysts projecting a negative EPS of -0.61 for the current fiscal year.
• Equity research analysts have mixed outlooks on the stock, with price targets ranging from $8.00 to $10.00, reflecting a shift in ratings from "strong sell" to "hold" or "buy."

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) CEO Matthew K. Schatzman purchased 281,500 shares of the firm's stock in a transaction on Friday, September 12th. The shares were acquired at an average price of $7.14 per share, with a total value of $2,009,910.00. Following the purchase, the chief executive officer directly owned 5,246,316 shares in the company, valued at $37,458,696.24. This represents a 5.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NextDecade Stock Up 2.0%

Shares of NASDAQ:NEXT traded up $0.13 during midday trading on Friday, hitting $6.58. 7,938,457 shares of the company's stock were exchanged, compared to its average volume of 2,515,068. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a 50 day moving average price of $10.23 and a 200-day moving average price of $8.70. The company has a market cap of $1.72 billion, a PE ratio of -8.44 and a beta of 1.35. NextDecade Corporation has a 12 month low of $4.59 and a 12 month high of $12.12.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.23) EPS for the quarter, hitting analysts' consensus estimates of ($0.23). On average, sell-side analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

NEXT has been the subject of several recent research reports. Seaport Res Ptn upgraded NextDecade to a "strong-buy" rating in a report on Friday, July 25th. Cowen lowered shares of NextDecade from a "buy" rating to a "hold" rating in a research note on Monday. Zacks Research upgraded shares of NextDecade from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 target price (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $8.00 target price (down from $11.00) on shares of NextDecade in a report on Monday. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.00.

Hedge Funds Weigh In On NextDecade

Institutional investors and hedge funds have recently bought and sold shares of the company. Neo Ivy Capital Management bought a new position in NextDecade during the first quarter valued at $411,000. Teacher Retirement System of Texas bought a new position in shares of NextDecade during the 1st quarter worth $163,000. Westwood Holdings Group Inc. grew its stake in shares of NextDecade by 9.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,179,636 shares of the company's stock worth $9,178,000 after acquiring an additional 104,104 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of NextDecade by 22.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock worth $35,768,000 after acquiring an additional 846,937 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of NextDecade during the 1st quarter worth $1,945,000. 66.74% of the stock is owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.