MNTN (NYSE:MNTN) Now Covered by Tigress Financial

Tigress Financial assumed coverage on shares of MNTN (NYSE:MNTN) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $28.00 price objective on the stock.

Several other analysts also recently commented on the stock. Citizens Jmp began coverage on shares of MNTN in a report on Monday. They issued a “mkt outperform” rating and a $23.00 price objective on the stock. Susquehanna initiated coverage on shares of MNTN in a report on Monday. They issued a “positive” rating and a $38.00 price target on the stock. Citigroup initiated coverage on MNTN in a research note on Monday. They set a “neutral” rating and a $22.00 price objective for the company. Raymond James initiated coverage on MNTN in a research note on Monday. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on MNTN in a research report on Monday. They set a “buy” rating and a $25.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, MNTN has a consensus rating of “Moderate Buy” and an average target price of $26.56.

MNTN Stock Up 22.6%

Shares of NYSE MNTN opened at $22.70 on Monday. MNTN has a 52 week low of $11.00 and a 52 week high of $32.49.

Insider Buying and Selling

In other MNTN news, Director Dana R. Settle sold 800,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick Pohlen sold 255,232 shares of the stock in a transaction on Friday, May 23rd. The shares were 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 directly owns 1,319,489 shares in the company, valued at approximately $21,111,824. The trade was a 16.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,955,232 shares of company stock valued at $31,283,712. 60.30% of the stock is owned by company 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.