Anterix (NASDAQ:ATEX) Stock Rating Upgraded by B. Riley Financial

Anterix (NASDAQ:ATEX) was upgraded by research analysts at B. Riley Financial from a “neutral” rating to a “buy” rating in a report released on Thursday, FinViz reports. The brokerage presently has a $103.00 target price on the stock. B. Riley Financial‘s price objective indicates a potential upside of 34.59% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. lowered their target price on Anterix from $133.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered Anterix from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday. DA Davidson set a $161.00 price target on Anterix in a research note on Friday, August 21st. Finally, Clear Str upgraded Anterix to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Anterix Stock Performance

ATEX stock opened at $76.53 on Thursday. The company’s fifty day simple moving average is $81.30 and its 200 day simple moving average is $67.22. Anterix has a 12-month low of $17.90 and a 12-month high of $113.00.

Anterix (NASDAQ:ATEX) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. Anterix had a negative return on equity of 11.34% and a net margin of 96.23%. The firm had revenue of $1.96 million during the quarter, compared to the consensus estimate of $2.05 million. Sell-side analysts expect that Anterix will post -2.00 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elena Marquez sold 4,981 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $80.43, for a total transaction of $400,621.83. Following the transaction, the chief financial officer directly owned 12,604 shares in the company, valued at approximately $1,013,739.72. The trade was a 28.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Leslie B. Daniels sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $83.83, for a total value of $209,575.00. Following the completion of the transaction, the director directly owned 43,477 shares of the company’s stock, valued at approximately $3,644,676.91. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,841 shares of company stock worth $10,975,765 in the last quarter. Insiders own 40.05% of the company’s stock.

Institutional Trading of Anterix

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in shares of Anterix by 4.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,609 shares of the company’s stock worth $283,000 after purchasing an additional 138 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Anterix by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,700 shares of the company’s stock valued at $212,000 after buying an additional 199 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Anterix in the 2nd quarter worth approximately $35,000. State of Wyoming bought a new position in Anterix in the 3rd quarter worth approximately $27,000. Finally, Sterling Capital Management LLC boosted its holdings in Anterix by 850.0% in the 3rd quarter. Sterling Capital Management LLC now owns 380 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 87.67% of the company’s stock.

More Anterix News

Investors following ATEX have been watching these news items:

• Positive Sentiment: Investors may be encouraged by Anterix’s reported $107.5 million in cash, significant contract revenue yet to be collected, and 16 active business opportunities. The company also highlighted scarcity of suitable spectrum, which could support demand for its spectrum assets. Article: Anterix signals 16 active opportunities as it stresses $107.5M cash flexibility and spectrum scarcity
• Neutral Sentiment: A broader industry outlook points to potential long-term support from digital infrastructure upgrades, fiber densification and 5G deployment, though this is a sector trend rather than a company-specific catalyst. Article: Inherent Sector Strength Poised to Aid These 2 Communication Stocks
• Negative Sentiment: Anterix swung to a GAAP loss, with its $1.96 million in quarterly revenue below analyst expectations of roughly $2.05 million to $2.1 million. The loss was also wider than the $0.14 per-share loss reported a year earlier, adding pressure despite the earnings-per-share beat. Article: Anterix reports second quarter fiscal year 2027 results

About Anterix

Anterix Inc. provides licensed wireless spectrum for private broadband networks, primarily serving electric, gas and water utilities and other critical-infrastructure organizations. Its business focuses on making 900 MHz spectrum available to customers that want dedicated communications networks for operational needs such as grid monitoring, automation and resilience. The company’s spectrum holdings cover areas across the United States. Anterix works with utilities and technology partners to support the development of private LTE networks, offering spectrum access and related planning and ecosystem support rather than operating a public mobile network.