Anterix (NASDAQ:ATEX) Stock Price Up 7.1% – Still a Buy?

Posted by Stanley Muller on Oct 1st, 2026

Shares of Anterix Inc. (NASDAQ:ATEX – Get Free Report) traded up 7.1% on Thursday. The stock traded as high as $83.54 and last traded at $84.1110. Approximately 100,316 shares were traded during trading, a decline of 74% from the average daily volume of 382,079 shares. The stock had previously closed at $78.50.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATEX. B. Riley Financial cut shares of Anterix from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $44.00 to $69.00 in a report on Thursday, June 4th. DA Davidson set a $161.00 price target on shares of Anterix in a report on Friday, August 21st. Clear Str raised shares of Anterix to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. dropped their target price on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Anterix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Get Our Latest Report on ATEX

Anterix Stock Performance

The firm’s 50-day moving average price is $88.53 and its two-hundred day moving average price is $72.55. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 24.00 and a beta of 0.84.

Anterix (NASDAQ:ATEX – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.44. The company had revenue of $1.96 million during the quarter, compared to analysts’ expectations of $2.00 million. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%. As a group, sell-side analysts expect that Anterix Inc. will post -2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $1,200,000.00. Following the sale, the chief executive officer directly owned 26,470 shares of the company’s stock, valued at $2,117,600. This represents a 36.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Guttman-Mccabe sold 23,439 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $92.36, for a total value of $2,164,826.04. Following the sale, the insider directly owned 44,876 shares in the company, valued at $4,144,747.36. This represents a 34.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 119,860 shares of company stock valued at $10,575,143. 40.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Anterix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Anterix during the second quarter worth approximately $110,672,000. Jupiter Topco LLC acquired a new stake in Anterix during the 2nd quarter worth $68,189,000. Gamco Investors INC. ET AL boosted its stake in 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 during the period. Dimensional Fund Advisors LP grew its position in 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 during the last quarter. Finally, Panoramic Capital LLC acquired a new position in Anterix in the second quarter valued at $15,892,000. 87.67% of the stock is owned by institutional investors and hedge funds.

About Anterix

(Get Free Report)

Anterix Inc (NASDAQ: ATEX) provides private wireless broadband solutions for critical infrastructure organizations, with a primary focus on electric utilities in the United States. The company’s services are designed to support mission-critical communications, grid modernization, operational technology, and other applications that require secure and reliable connectivity.

Anterix owns and manages licensed spectrum in the 900 MHz band and makes that spectrum available through arrangements with utility and infrastructure customers.