MNTN (NYSE:MNTN) Coverage Initiated by Analysts at Citigroup

Citigroup initiated coverage on shares of MNTN (NYSE:MNTN) in a report published on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $22.00 price target on the stock.

Separately, Wall Street Zen upgraded shares of MNTN to a “hold” rating in a research note on Monday, June 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

MNTN Stock Performance

Shares of MNTN stock opened at $22.70 on Monday. MNTN has a 12-month low of $11.00 and a 12-month high of $32.49.

Insider Transactions at MNTN

In related news, CEO Mark Steven Douglas sold 900,000 shares of MNTN stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $14,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patrick Pohlen sold 255,232 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $4,083,712.00. Following the transaction, the chief financial officer now owns 1,319,489 shares of the company’s stock, valued at approximately $21,111,824. The trade was a 16.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,955,232 shares of company stock worth $31,283,712. Company insiders own 60.30% of the company’s stock.

MNTN Company Profile

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.