MNTN Inc. (NYSE:MNTN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of MNTN Inc. (NYSE:MNTN) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.4545.

A number of research firms have recently commented on MNTN. Citizens Jmp set a $23.00 target price on shares of MNTN in a research report on Wednesday, November 5th. Zacks Research cut shares of MNTN from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. UBS Group set a $20.50 target price on MNTN in a research report on Tuesday, January 13th. Evercore set a $27.00 price target on MNTN in a research note on Wednesday, February 11th. Finally, Tigress Financial restated a “strong-buy” rating and set a $36.00 price objective on shares of MNTN in a research note on Friday, November 7th.

MNTN Trading Down 2.4%

NYSE MNTN opened at $10.00 on Friday. The business’s 50-day moving average price is $10.79 and its 200 day moving average price is $15.25. MNTN has a twelve month low of $7.71 and a twelve month high of $32.49. The company has a market capitalization of $442.26 million and a PE ratio of -6.45.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. MNTN had a positive return on equity of 12.69% and a negative net margin of 2.22%.The business had revenue of $87.10 million during the quarter, compared to the consensus estimate of $86.18 million. The firm’s revenue was up 24.8% on a year-over-year basis.

Insider Activity at MNTN

In related news, Director Hadi Partovi sold 192,598 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $13.46, for a total transaction of $2,592,369.08. Following the transaction, the director directly owned 254,922 shares in the company, valued at $3,431,250.12. This trade represents a 43.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 447,520 shares of company stock valued at $6,005,775. 60.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercato Partners Growth Iii GP LLC bought a new position in MNTN in the 4th quarter worth approximately $73,646,000. Wellington Management Group LLP boosted its position in MNTN by 67.8% during the 3rd 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. Vanguard Group Inc. grew its stake in shares of MNTN by 787.7% in the third 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 in the last quarter. Federated Hermes Inc. acquired a new position in shares of MNTN during the second quarter valued at $11,482,000. Finally, Mariner LLC bought a new stake in shares of MNTN during the fourth quarter valued at about $4,306,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

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.