NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $8.26 and last traded at $8.17, with a volume of 1161099 shares changing hands. The stock had previously closed at $8.01.
Wall Street Analysts Forecast Growth
Separately, TD Cowen lifted their target price on shares of NextDecade from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.
Read Our Latest Research Report on NEXT
NextDecade Price Performance
NextDecade (NASDAQ:NEXT – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.64). On average, sell-side analysts forecast that NextDecade Co. will post -0.67 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in NextDecade by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after acquiring an additional 2,458 shares in the last quarter. Amalgamated Bank lifted its position in NextDecade by 138.1% in the fourth quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock worth $53,000 after purchasing an additional 6,489 shares during the period. Arizona State Retirement System raised its stake in NextDecade by 38.1% during the fourth quarter. Arizona State Retirement System now owns 23,622 shares of the company’s stock worth $113,000 after acquiring an additional 6,523 shares in the last quarter. Principal Financial Group Inc. acquired a new position in NextDecade during the first quarter worth $60,000. Finally, Swiss National Bank increased its stake in shares of NextDecade by 6.4% in the first quarter. Swiss National Bank now owns 177,200 shares of the company’s stock valued at $1,006,000 after buying an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Company Profile
NextDecade Corp. is a development company.
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