ValuEngine lowered shares of NeXt Innovation Corp common stock (NASDAQ:GSVC) from a buy rating to a hold rating in a research report released on Friday morning.

Separately, Barrington Research reaffirmed a buy rating and set a $11.00 price objective on shares of NeXt Innovation Corp common stock in a research report on Wednesday, May 9th.

GSVC stock opened at $7.13 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.88. NeXt Innovation Corp common stock has a one year low of $4.48 and a one year high of $9.39. The firm has a market cap of $148.36 million, a price-to-earnings ratio of -7.51 and a beta of 1.20.

NeXt Innovation Corp common stock (NASDAQ:GSVC) last released its quarterly earnings data on Wednesday, August 8th. The investment management company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.41. The company had revenue of $0.59 million for the quarter. sell-side analysts anticipate that NeXt Innovation Corp common stock will post 0.3 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. lifted its holdings in shares of NeXt Innovation Corp common stock by 564.3% during the first quarter. Centaurus Financial Inc. now owns 119,250 shares of the investment management company’s stock worth $899,000 after buying an additional 101,300 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of NeXt Innovation Corp common stock by 48.0% during the first quarter. Millennium Management LLC now owns 98,673 shares of the investment management company’s stock worth $744,000 after buying an additional 32,019 shares in the last quarter. JPMorgan Chase & Co. raised its stake in NeXt Innovation Corp common stock by 346.2% in the first quarter. JPMorgan Chase & Co. now owns 81,008 shares of the investment management company’s stock valued at $611,000 after purchasing an additional 62,854 shares in the last quarter. Raymond James & Associates acquired a new position in NeXt Innovation Corp common stock in the fourth quarter valued at about $363,000. Finally, Trexquant Investment LP acquired a new position in NeXt Innovation Corp common stock in the first quarter valued at about $444,000. 36.02% of the stock is owned by institutional investors.

NeXt Innovation Corp common stock Company Profile

GSV Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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