Craig-Hallum
Upgrade grade
A
Downgrade grade
A+
Craig-Hallum Capital Group, founded in 1981, has established itself as an independent investment bank with a particular focus on serving growth-oriented companies across the technology, healthcare, and financial services sectors. The firm operates at a mid-market scale with approximately 1,442 analyst rating calls on US equities in our database, reflecting their sustained coverage of emerging and established growth companies. Craig-Hallum is particularly known for their deep expertise in software, business services, and specialty finance sectors, where they combine equity research with corporate advisory capabilities to serve both institutional investors and corporate clients. The firm has built a distinctive reputation for maintaining genuine independence in their research views and for their willingness to publish contrarian positions, allowing them to develop strong relationships with management teams who value candid, research-driven insights rather than consensus cheerleading.
Upgrades
216
79.17% win rate
· avg +7.37% D1
Downgrades
251
82.47% win rate
· avg -9.34% D1
Avg Gap — Upgrades
+6.25%
open vs prev close
Avg Gap — Downgrades
-7.38%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 78.95% (114) | +7.61% | 79.83% (119) | -8.43% |
| Consumer Cyclical | 79.07% (43) | +6.75% | 91.11% (45) | -7.03% |
| Industrials | 64.71% (17) | +7.51% | 72.00% (25) | -9.44% |
| Healthcare | 100.00% (13) | +6.42% | 80.00% (20) | -10.71% |
| Communication Services | 100.00% (11) | +15.16% | 83.33% (12) | -11.00% |
| Financial Services | — | — | 100.00% (12) | -18.39% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2024 | 73.1% | 26 | 86.7% | 30 |
| 2023 | 73.1% | 26 | 92.1% | 38 |
| 2022 | — | — | 88.0% | 25 |
| 2021 | 81.0% | 21 | 87.5% | 16 |
| 2020 | 78.3% | 23 | 72.0% | 25 |
| 2019 | 82.6% | 23 | 70.0% | 20 |
| 2018 | 84.6% | 13 | 69.2% | 13 |
| 2017 | 80.0% | 10 | 100.0% | 15 |
| 2016 | 90.0% | 10 | 76.5% | 17 |
| 2015 | 61.5% | 13 | 78.6% | 14 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Apr 17, 2026 | MDXG | MiMedx Group, Inc. | Healthcare | Maintains | Buy → Buy | — | +0.9% | -0.3% |
| Apr 2, 2026 | VITL | Vital Farms, Inc. | Consumer Defensive | Maintains | Buy → Buy | — | -2.1% | -6.0% |
| Mar 25, 2026 | MXCT | MaxCyte, Inc. | Healthcare | Maintains | Buy → Buy | — | -1.4% | -6.8% |
| Mar 20, 2026 | NRXS | NeurAxis, Inc. | Healthcare | Maintains | Buy → Buy | — | +1.3% | +6.4% |
| Mar 20, 2026 | ETON | Eton Pharmaceuticals, Inc. | Healthcare | Maintains | Buy → Buy | — | +3.0% | +7.5% |
| Mar 13, 2026 | SEAT | Vivid Seats Inc. | Communication Services | Upgrade | Hold → Buy | — | +6.0% | +4.4% |
| Mar 12, 2026 | ACTG | Acacia Research Corporation | Industrials | Maintains | Buy → Buy | — | +1.0% | -2.6% |
| Mar 11, 2026 | XGN | Exagen Inc. | Healthcare | Maintains | Buy → Buy | — | -2.5% | -4.3% |
| Mar 11, 2026 | APYX | Apyx Medical Corporation | Healthcare | Maintains | Buy → Buy | — | +10.7% | +13.9% |
| Mar 6, 2026 | FLL | Full House Resorts, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -2.2% | +18.1% |
| Mar 6, 2026 | AEYE | AudioEye, Inc. | Technology | Maintains | Buy → Buy | — | -6.4% | -22.4% |
| Mar 6, 2026 | PACK | Ranpak Holdings Corp. | Consumer Cyclical | Maintains | Buy → Buy | — | -3.3% | -9.0% |
| Mar 6, 2026 | BVS | Bioventus Inc. | Healthcare | Maintains | Buy → Buy | — | -1.5% | -7.6% |
| Mar 6, 2026 | SSYS | Stratasys Ltd. | Technology | Maintains | Buy → Buy | — | -5.8% | -3.7% |
| Mar 6, 2026 | AMPX | Amprius Technologies, Inc. | Industrials | Maintains | Buy → Buy | — | -1.1% | +9.7% |
| Mar 6, 2026 | MRVL | Marvell Technology, Inc. | Technology | Maintains | Buy → Buy | — | +11.9% | +18.4% |
| Mar 4, 2026 | IMNM | Immunome, Inc. | Healthcare | Maintains | Buy → Buy | — | +2.1% | +4.5% |
| Mar 3, 2026 | ETON | Eton Pharmaceuticals, Inc. | Healthcare | Maintains | Buy → Buy | — | -2.3% | -3.9% |
| Feb 26, 2026 | EHTH | eHealth, Inc. | Financial Services | Downgrade | Buy → Hold | — | -18.5% | -29.6% |
| Feb 26, 2026 | ENVX | Enovix Corporation | Industrials | Maintains | Buy → Buy | — | -6.5% | -3.3% |
| Jan 21, 2026 | FLUT | Flutter Entertainment plc | Consumer Cyclical | Downgrade | Buy → Hold | — | -0.8% | -1.6% |
| Jan 9, 2026 | AEHR | Aehr Test Systems | Technology | Maintains | Hold → Hold | — | +5.3% | +15.9% |
| Dec 22, 2025 | NRXS | NeurAxis, Inc. | Healthcare | Maintains | Buy → Buy | — | +1.2% | +25.2% |
| Dec 11, 2025 | PLAB | Photronics, Inc. | Technology | Maintains | Buy → Buy | — | +0.3% | +6.2% |
| Dec 9, 2025 | MAMA | Mama's Creations, Inc. | Consumer Defensive | Maintains | Buy → Buy | — | +24.7% | +28.1% |