Anterix Inc. (ATEX) – What Are Analysts Thinking About This Stock?

Anterix Inc. (NASDAQ:ATEX) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $120.00.

ATEX has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Anterix from $133.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Weiss Ratings cut Anterix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Clear Str upgraded Anterix to a “strong-buy” rating in a report on Monday, July 27th. DA Davidson set a $161.00 price target on shares of Anterix in a research report on Friday, August 21st. Finally, Wall Street Zen lowered shares of Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th.

Anterix Price Performance

Shares of NASDAQ:ATEX opened at $76.53 on Friday. The company’s fifty day moving average is $81.30 and its two-hundred day 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 earnings results on Tuesday, November 10th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.05. Anterix had a negative return on equity of 11.34% and a net margin of 96.23%. The business had revenue of $1.96 million during the quarter, compared to analysts’ expectations of $2.05 million. On average, equities research analysts forecast that Anterix will post -2.00 EPS for the current fiscal year.

Insider Activity

In other Anterix news, CEO Scott Lang sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,200,000.00. Following the transaction, the chief executive officer owned 26,470 shares in the company, valued at approximately $2,117,600. This represents a 36.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Heard sold 46,400 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $90.11, for a total transaction of $4,181,104.00. Following the completion of the transaction, the director owned 1,670,338 shares in the company, valued at approximately $150,514,157.18. This represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 124,841 shares of company stock valued at $10,975,765 in the last three months. 40.05% of the stock is currently owned by insiders.

Institutional Trading of Anterix

A number of institutional investors have recently bought and sold shares of ATEX. BlackRock Inc. purchased a new position in Anterix in the second quarter valued at about $110,672,000. Jupiter Topco LLC purchased a new stake in shares of Anterix during the 2nd quarter worth about $68,189,000. Gamco Investors INC. ET AL raised its stake in shares of Anterix by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 425,820 shares of the company’s stock worth $16,262,000 after purchasing an additional 3,350 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Anterix by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 424,856 shares of the company’s stock worth $16,223,000 after purchasing an additional 99,933 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Anterix by 17.2% during the 1st quarter. Bank of America Corp DE now owns 167,781 shares of the company’s stock valued at $6,408,000 after buying an additional 24,657 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Recent Anterix Headlines

Here are a few of the latest headlines about ATEX:

• 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
• Positive Sentiment: Fiscal Q2 loss of $0.25 per share was narrower than some estimates, including Zacks’ $0.45 loss forecast. This earnings beat may have helped offset concerns about the reported net loss. Article: Anterix reports Q2 loss, misses revenue estimates
• 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.