MNTN Inc.’s Lock-Up Period Set To Expire on November 6th (NYSE:MNTN)

MNTN’s (NYSE:MNTN) lock-up period is set to end on Thursday, November 6th. MNTN had issued 11,700,000 shares in its public offering on May 22nd. The total size of the offering was $187,200,000 based on an initial share price of $16.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

MNTN has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of MNTN in a report on Wednesday, October 8th. Citigroup upgraded MNTN from a “neutral” rating to a “buy” rating and dropped their target price for the company from $33.00 to $22.00 in a research note on Friday, October 24th. Citizens Jmp lowered their price target on MNTN from $33.00 to $23.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 5th. Evercore ISI decreased their target price on MNTN from $39.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $36.00 price target on shares of MNTN in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MNTN has a consensus rating of “Moderate Buy” and a consensus price target of $27.15.

MNTN Stock Performance

NYSE MNTN traded down $0.01 on Friday, reaching $13.95. 718,847 shares of the stock traded hands, compared to its average volume of 778,919. The stock’s fifty day moving average price is $17.20. MNTN has a 12 month low of $13.30 and a 12 month high of $32.49.

MNTN (NYSE:MNTN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $70.00 million during the quarter, compared to analyst estimates of $70.11 million. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. MNTN has set its Q4 2025 guidance at EPS.

Hedge Funds Weigh In On MNTN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new stake in shares of MNTN during the 3rd quarter worth about $54,000. JPMorgan Chase & Co. bought a new stake in shares of MNTN in the third quarter valued at approximately $86,000. Quantbot Technologies LP acquired a new stake in shares of MNTN in the third quarter worth $170,000. AMH Equity Ltd acquired a new stake in MNTN in the 3rd quarter worth $186,000. Finally, BCS Private Wealth Management Inc. acquired a new position in MNTN in the 2nd quarter valued at approximately $209,000. Institutional investors own 72.90% 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.