MNTN (NYSE:MNTN) Now Covered by Loop Capital

Loop Capital assumed coverage on shares of MNTN (NYSE:MNTN) in a research note published on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $29.00 price objective on the stock.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of MNTN to a “hold” rating in a research report on Monday, June 2nd. Citigroup began coverage on shares of MNTN in a research note on Monday. They set a “neutral” rating and a $22.00 price target for the company. Evercore ISI initiated coverage on shares of MNTN in a research report on Monday. They issued an “outperform” rating and a $27.00 price objective on the stock. Susquehanna began coverage on MNTN in a research report on Monday. They set a “positive” rating and a $38.00 target price for the company. Finally, Citizens Jmp began coverage on MNTN in a report on Monday. They issued a “mkt outperform” rating and a $23.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.56.

MNTN Trading Up 22.6%

NYSE MNTN opened at $22.70 on Monday. MNTN has a fifty-two week low of $11.00 and a fifty-two week high of $32.49.

Insider Activity

In other news, CFO Patrick Pohlen sold 255,232 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $4,083,712.00. Following the transaction, the chief financial officer now owns 1,319,489 shares in the company, valued at approximately $21,111,824. This trade represents a 16.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dana R. Settle sold 800,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $12,800,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,955,232 shares of company stock valued at $31,283,712. Corporate insiders own 60.30% 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.