MNTN Inc. (NYSE:MNTN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of MNTN Inc. (NYSE:MNTN) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.50.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley set a $22.50 target price on MNTN in a research report on Wednesday, November 5th. Wall Street Zen upgraded MNTN from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 target price on shares of MNTN in a report on Friday, November 7th. Citizens Jmp cut their price target on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 5th. Finally, Canaccord Genuity Group set a $20.00 price target on shares of MNTN in a research report on Thursday, December 4th.

Insider Activity at MNTN

In other news, Director Hadi Partovi sold 86,665 shares of MNTN stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $13.39, for a total transaction of $1,160,444.35. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 447,520 shares of company stock valued at $6,005,775 over the last ninety days. Company insiders own 60.30% of the company’s stock.

Institutional Investors Weigh In On MNTN

Institutional investors have recently bought and sold shares of the business. Liontrust Investment Partners LLP acquired a new position in shares of MNTN in the second quarter worth $3,170,000. TD Asset Management Inc purchased a new position in MNTN in the second quarter valued at about $731,000. Bank of Montreal Can purchased a new position in MNTN in the second quarter valued at about $4,432,000. Concurrent Investment Advisors LLC acquired a new position in MNTN in the 2nd quarter worth about $492,000. Finally, Fortress Investment Group LLC purchased a new stake in shares of MNTN during the 2nd quarter worth about $2,420,000. 72.90% of the stock is currently owned by institutional investors and hedge funds.

MNTN Trading Up 0.4%

NYSE MNTN opened at $11.93 on Friday. MNTN has a 12 month low of $11.46 and a 12 month high of $32.49. The company’s 50 day simple moving average is $13.56 and its 200 day simple moving average is $18.68.

MNTN (NYSE:MNTN) last issued its earnings results on Tuesday, November 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $70.11 million. MNTN had a negative net margin of 16.47% and a negative return on equity of 30.86%. The firm’s revenue was up 22.6% compared to the same quarter last year.

MNTN Company Profile

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.