NextDecade's (NEXT) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

NextDecade (NASDAQ:NEXT - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. TD Cowen reduced their price target on shares of NextDecade from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday. Morgan Stanley reiterated an "equal weight" rating and set a $10.00 price target (down previously from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Cowen downgraded shares of NextDecade from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a research report on Friday, July 25th. Finally, Zacks Research upgraded shares of NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, NextDecade currently has an average rating of "Hold" and a consensus target price of $8.50.

NextDecade Price Performance

NASDAQ NEXT opened at $5.83 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $1.53 billion, a PE ratio of -7.47 and a beta of 1.78. The company has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $8.50. NextDecade has a 12-month low of $5.16 and a 12-month high of $12.12.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share for the quarter, meeting the consensus estimate of ($0.23). As a group, equities analysts predict that NextDecade will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at NextDecade

In other NextDecade news, major shareholder Aerospace Co. Ltd. Hanwha bought 449,510 shares of the stock in a transaction on Wednesday, September 24th. The stock was purchased at an average price of $7.02 per share, with a total value of $3,155,560.20. Following the completion of the purchase, the insider owned 18,537,697 shares in the company, valued at $130,134,632.94. The trade was a 2.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bardin Hill Investment Partner acquired 357,021 shares of the stock in a transaction dated Tuesday, September 16th. The stock was purchased at an average cost of $6.98 per share, with a total value of $2,492,006.58. Following the purchase, the director directly owned 9,274,894 shares of the company's stock, valued at $64,738,760.12. This trade represents a 4.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,654,850 shares of company stock worth $11,611,592. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On NextDecade

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in shares of NextDecade by 137.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock worth $25,000 after purchasing an additional 1,886 shares in the last quarter. Comerica Bank lifted its holdings in shares of NextDecade by 88.0% in the 1st quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after purchasing an additional 1,900 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of NextDecade by 102.2% in the 2nd quarter. AlphaQuest LLC now owns 3,961 shares of the company's stock worth $35,000 after purchasing an additional 2,002 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of NextDecade in the 2nd quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of NextDecade by 21,395.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,729 shares of the company's stock worth $42,000 after purchasing an additional 4,707 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.

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