MNTN (NYSE:MNTN) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI started coverage on shares of MNTN (NYSE:MNTN) in a report published on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $27.00 price objective on the stock.

MNTN has been the topic of a number of other reports. Wall Street Zen upgraded MNTN to a “hold” rating in a research report on Monday, June 2nd. Citigroup started coverage on MNTN in a research report on Monday. They issued a “neutral” rating and a $22.00 target price on the stock. Citizens Jmp began coverage on MNTN in a research note on Monday. They issued a “mkt outperform” rating and a $23.00 target price on the stock. Finally, Needham & Company LLC started coverage on shares of MNTN in a research report on Monday. They set a “buy” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

MNTN Stock Performance

MNTN opened at $22.70 on Monday. MNTN has a fifty-two week low of $11.00 and a fifty-two week high of $32.49.

Insider Transactions at MNTN

In related news, CEO Mark Steven Douglas sold 900,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $14,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dana R. Settle sold 800,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $12,800,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,955,232 shares of company stock valued at $31,283,712. 60.30% of the stock is currently owned by corporate insiders.

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.