MNTN (NYSE:MNTN) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of MNTN (NYSE:MNTN) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $20.00 target price on the stock.

MNTN has been the subject of several other reports. Evercore ISI started coverage on MNTN in a report on Monday. They set an “outperform” rating and a $27.00 price objective for the company. Citigroup assumed coverage on shares of MNTN in a report on Monday. They issued a “neutral” rating and a $22.00 price objective on the stock. Needham & Company LLC began coverage on shares of MNTN in a research report on Monday. They set a “buy” rating and a $25.00 target price for the company. Wall Street Zen raised MNTN to a “hold” rating in a research note on Monday, June 2nd. Finally, Citizens Jmp initiated coverage on MNTN in a research note on Monday. They set a “mkt outperform” rating and a $23.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.56.

MNTN Price Performance

MNTN stock opened at $22.70 on Monday. MNTN has a twelve month low of $11.00 and a twelve month high of $32.49.

Insider Activity

In other news, Director Dana R. Settle sold 800,000 shares of MNTN 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Steven Douglas sold 900,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $14,400,000.00. The disclosure for this sale can be found here. Insiders sold 1,955,232 shares of company stock valued at $31,283,712 in the last quarter. Company 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.