Citizens Jmp Initiates Coverage on MNTN (NYSE:MNTN)

Equities research analysts at Citizens Jmp began coverage on shares of MNTN (NYSE:MNTN) in a report released on Monday, MarketBeat Ratings reports. The brokerage set a “strong-buy” rating and a $23.00 price target on the stock. Citizens Jmp’s price objective would indicate a potential upside of 16.12% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of MNTN to a “hold” rating in a research note on Monday, June 2nd. Citigroup started coverage on shares of MNTN in a research report on Monday. They set a “neutral” rating and a $22.00 price target on the stock. Finally, Needham & Company LLC initiated coverage on MNTN in a research report on Monday. They issued a “buy” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MNTN has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

MNTN Price Performance

Shares of MNTN opened at $19.81 on Monday. MNTN has a 52-week low of $11.00 and a 52-week high of $32.49.

Insider Buying and Selling

In related news, Director Dana R. Settle sold 800,000 shares of the 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Steven Douglas sold 900,000 shares of MNTN stock in a transaction dated Friday, May 23rd. The shares were 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. In the last quarter, insiders sold 1,955,232 shares of company stock valued at $31,283,712.

About MNTN

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.