Dakota Wealth Management Acquires New Holdings in MNTN Inc. $MNTN

Dakota Wealth Management bought a new stake in MNTN Inc. (NYSE:MNTN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $928,000. Dakota Wealth Management owned approximately 0.11% of MNTN at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in shares of MNTN by 23.8% during the 3rd quarter. Federated Hermes Inc. now owns 650,000 shares of the company’s stock valued at $12,058,000 after acquiring an additional 125,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MNTN by 787.7% during the third quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock valued at $11,527,000 after purchasing an additional 551,392 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of MNTN during the second quarter worth about $6,996,000. Bank of Montreal Can acquired a new position in shares of MNTN in the second quarter valued at approximately $4,432,000. Finally, Balyasny Asset Management L.P. bought a new position in MNTN in the 2nd quarter valued at approximately $3,442,000. 72.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNTN has been the topic of a number of research reports. Zacks Research lowered shares of MNTN from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Citigroup reduced their price objective on shares of MNTN from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. UBS Group set a $20.50 price objective on MNTN in a report on Tuesday, January 13th. Susquehanna cut their target price on MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a report on Wednesday, February 11th. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of MNTN in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.45.

MNTN Stock Performance

MNTN stock opened at $10.13 on Friday. The stock’s 50 day simple moving average is $10.63 and its 200 day simple moving average is $14.79. The company has a market cap of $448.05 million and a P/E ratio of -6.54. MNTN Inc. has a fifty-two week low of $7.71 and a fifty-two week high of $32.49.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.26 by $0.17. MNTN had a positive return on equity of 9.51% and a negative net margin of 2.22%.The firm had revenue of $87.10 million during the quarter, compared to the consensus estimate of $86.18 million. The company’s quarterly revenue was up 24.8% on a year-over-year basis.

Insider Buying and Selling at MNTN

In other MNTN news, Director Hadi Partovi sold 192,598 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $13.46, for a total value of $2,592,369.08. Following the transaction, the director directly owned 254,922 shares of the company’s stock, valued at approximately $3,431,250.12. This trade represents a 43.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 447,520 shares of company stock valued at $6,005,775 over the last 90 days. 60.30% of the stock is currently owned by company insiders.

MNTN 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.