MNTN (NYSE:MNTN) Coverage Initiated by Analysts at Loop Capital

Loop Capital assumed coverage on shares of MNTN (NYSE:MNTN) in a report published on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $29.00 price objective on the stock.

A number of other equities analysts have also weighed in on MNTN. Morgan Stanley initiated coverage on shares of MNTN in a research report on Monday. They issued an “equal weight” rating and a $20.00 price target for the company. Citizens Jmp assumed coverage on shares of MNTN in a report on Monday. They issued a “mkt outperform” rating and a $23.00 target price for the company. Susquehanna assumed coverage on MNTN in a research note on Monday. They issued a “positive” rating and a $38.00 price target for the company. Raymond James began coverage on MNTN in a research report on Monday. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, Needham & Company LLC began coverage on MNTN in a research report on Monday. They set a “buy” rating and a $25.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.56.

MNTN Stock Up 22.6%

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

Insider Activity

In other news, CEO Mark Steven Douglas sold 900,000 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 transaction of $14,400,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dana R. Settle sold 800,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $12,800,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,955,232 shares of company stock worth $31,283,712 over the last 90 days. Corporate 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.