MNTN Inc. (NYSE:MNTN) Receives $26.56 Consensus PT from Brokerages

MNTN Inc. (NYSE:MNTN) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.56.

A number of research firms have weighed in on MNTN. Evercore ISI began coverage on MNTN in a research note on Monday. They issued an “outperform” rating and a $27.00 price target on the stock. Morgan Stanley began coverage on MNTN in a report on Monday. They set an “equal weight” rating and a $20.00 price target on the stock. Tigress Financial began coverage on MNTN in a report on Monday. They set a “buy” rating and a $28.00 price target on the stock. Susquehanna began coverage on MNTN in a report on Monday. They set a “positive” rating and a $38.00 price target on the stock. Finally, Wall Street Zen raised MNTN to a “hold” rating in a report on Monday, June 2nd.

Insider Buying and Selling at MNTN

In other news, CEO Mark Steven Douglas sold 900,000 shares of the business’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 $14,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana R. Settle sold 800,000 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 $12,800,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,955,232 shares of company stock worth $31,283,712. Insiders own 60.30% of the company’s stock.

MNTN Stock Performance

MNTN opened at $21.21 on Monday. MNTN has a 52 week low of $11.00 and a 52 week high of $32.49.

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.