Mark D. Klein Buys 30,000 Shares of NeXt Innovation Corp (NASDAQ:GSVC) Stock

NeXt Innovation Corp (NASDAQ:GSVC) CEO Mark D. Klein bought 30,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $6.44 per share, for a total transaction of $193,200.00. Following the purchase, the chief executive officer now owns 120,000 shares in the company, valued at approximately $772,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:GSVC traded up $0.01 during trading hours on Tuesday, hitting $6.34. 66,100 shares of the company’s stock traded hands, compared to its average volume of 272,180. NeXt Innovation Corp has a 52 week low of $4.99 and a 52 week high of $8.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18. The firm has a market cap of $126.37 million, a price-to-earnings ratio of -17.14 and a beta of 1.65.

NeXt Innovation (NASDAQ:GSVC) last posted its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.03 earnings per share for the quarter. NeXt Innovation had a net margin of 697.12% and a negative return on equity of 3.34%. The company had revenue of $0.23 million during the quarter. On average, research analysts forecast that NeXt Innovation Corp will post 1.02 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of NeXt Innovation from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Wednesday, March 20th.

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NeXt Innovation 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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