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

MNTN Inc. (NYSE:MNTN) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.8333.

A number of equities research analysts have issued reports on the company. Morgan Stanley decreased their target price on MNTN from $22.50 to $20.50 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Tigress Financial reaffirmed a “strong-buy” rating and set a $36.00 price objective on shares of MNTN in a report on Friday, November 7th. Evercore ISI dropped their target price on shares of MNTN from $39.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. JMP Securities set a $23.00 target price on shares of MNTN in a research report on Wednesday, November 5th. Finally, Canaccord Genuity Group set a $20.00 price target on MNTN in a research report on Thursday, December 4th.

Insider Transactions at MNTN

In other MNTN news, Director Hadi Partovi sold 86,665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $13.39, for a total value of $1,160,444.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 447,520 shares of company stock valued at $6,005,775.

Institutional Investors Weigh In On MNTN

Several hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its position in MNTN by 67.8% during the third quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company’s stock worth $99,155,000 after acquiring an additional 2,159,075 shares during the period. Federated Hermes Inc. boosted its holdings in MNTN by 23.8% in the 3rd quarter. Federated Hermes Inc. now owns 650,000 shares of the company’s stock valued at $12,058,000 after purchasing an additional 125,000 shares during the period. Vanguard Group Inc. grew its position in MNTN by 787.7% in the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock worth $11,527,000 after purchasing an additional 551,392 shares during the last quarter. G2 Investment Partners Management LLC bought a new position in shares of MNTN during the 2nd quarter worth about $6,996,000. Finally, Captrust Financial Advisors acquired a new position in shares of MNTN during the third quarter valued at about $5,205,000. 72.90% of the stock is owned by institutional investors.

MNTN Trading Up 1.6%

Shares of NYSE:MNTN opened at $10.21 on Tuesday. The stock has a market capitalization of $451.59 million and a PE ratio of -7.24. MNTN has a 1 year low of $9.92 and a 1 year high of $32.49. The firm has a fifty day moving average price of $12.25 and a 200 day moving average price of $17.46.

MNTN (NYSE:MNTN) last announced its quarterly 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 company had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $70.11 million. MNTN had a negative return on equity of 30.86% and a negative net margin of 16.47%.The company’s quarterly revenue was up 22.6% compared to the same quarter last year.

About MNTN

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.