NextDecade (NASDAQ:NEXT) Trading Down 4.3%

NextDecade Co. (NASDAQ:NEXT)’s stock price traded down 4.3% during mid-day trading on Monday . The stock traded as low as $5.51 and last traded at $5.53. 118,494 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,260,167 shares. The stock had previously closed at $5.78.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research raised shares of NextDecade from a “peer perform” rating to an “outperform” rating and set a $8.00 price target for the company in a research report on Wednesday, August 16th. Stifel Nicolaus raised shares of NextDecade from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.50 to $9.00 in a research report on Tuesday, August 15th.

NextDecade Stock Performance

The company’s fifty day moving average price is $6.05 and its two-hundred day moving average price is $6.03.

Institutional Trading of NextDecade

Several hedge funds have recently modified their holdings of NEXT. Valinor Management L.P. acquired a new stake in shares of NextDecade during the fourth quarter worth approximately $73,417,000. Tortoise Capital Advisors L.L.C. acquired a new stake in shares of NextDecade in the fourth quarter valued at approximately $16,805,000. Walleye Capital LLC acquired a new stake in shares of NextDecade in the second quarter valued at approximately $10,653,000. Jennison Associates LLC acquired a new stake in shares of NextDecade in the first quarter valued at approximately $6,004,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of NextDecade in the first quarter valued at approximately $6,616,000.

NextDecade Company Profile

NextDecade Corp. is a development company.