MNTN (NYSE:MNTN) Coverage Initiated at Susquehanna

Equities researchers at Susquehanna assumed coverage on shares of MNTN (NYSE:MNTN) in a research report issued on Monday, Marketbeat reports. The brokerage set a “positive” rating and a $38.00 price target on the stock. Susquehanna’s price target suggests a potential upside of 91.85% from the stock’s previous close.

A number of other research firms also recently issued reports on MNTN. Wall Street Zen upgraded shares of MNTN to a “hold” rating in a report on Monday, June 2nd. Citizens Jmp began coverage on shares of MNTN in a research note on Monday. They issued a “strong-buy” rating and a $23.00 price target on the stock. Needham & Company LLC assumed coverage on shares of MNTN in a research note on Monday. They set a “buy” rating and a $25.00 price objective for the company. Morgan Stanley began coverage on MNTN in a research report on Monday. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Citigroup began coverage on MNTN in a report on Monday. They set a “neutral” rating and a $22.00 target price on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.56.

MNTN Trading Down 12.7%

NYSE 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 Activity at MNTN

In other MNTN news, CFO Patrick Pohlen sold 255,232 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $4,083,712.00. Following the transaction, the chief financial officer now directly owns 1,319,489 shares in the company, valued at $21,111,824. The trade was a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Steven Douglas sold 900,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $14,400,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,955,232 shares of company stock worth $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.