MNTN Inc. (NYSE:MNTN) Given Average Rating of “Moderate Buy” by Brokerages

MNTN Inc. (NYSE:MNTN) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.8333.

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of MNTN from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Citizens Jmp dropped their price target on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 5th. UBS Group set a $20.50 price objective on MNTN in a report on Tuesday, January 13th. JMP Securities set a $23.00 price objective on MNTN in a research note on Wednesday, November 5th. Finally, Tigress Financial restated a “strong-buy” rating and set a $36.00 target price on shares of MNTN in a research report on Friday, November 7th.

MNTN Trading Up 1.6%

Shares of NYSE:MNTN opened at $10.21 on Tuesday. The firm has a market capitalization of $451.59 million and a PE ratio of -7.24. MNTN has a 1-year low of $9.92 and a 1-year high of $32.49. The business’s 50 day moving average is $12.25 and its 200-day moving average is $17.46.

MNTN (NYSE:MNTN) last issued its earnings results on Tuesday, November 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. MNTN had a negative return on equity of 30.86% and a negative net margin of 16.47%.The firm had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $70.11 million. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.

Insider Activity

In other news, Director Hadi Partovi sold 192,598 shares of the business’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 sale, the director owned 254,922 shares in the company, valued at approximately $3,431,250.12. The trade was a 43.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 447,520 shares of company stock worth $6,005,775 over the last three months.

Hedge Funds Weigh In On MNTN

Several institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in MNTN in the third quarter valued at about $54,000. JPMorgan Chase & Co. bought a new position in shares of MNTN in the third quarter valued at approximately $86,000. Bank of America Corp DE boosted its holdings in shares of MNTN by 622,300.0% in the 3rd quarter. Bank of America Corp DE now owns 6,224 shares of the company’s stock worth $115,000 after acquiring an additional 6,223 shares in the last quarter. Quantbot Technologies LP bought a new stake in MNTN during the 3rd quarter worth approximately $170,000. Finally, AMH Equity Ltd acquired a new stake in MNTN during the 3rd quarter valued at $186,000. 72.90% of the stock is owned by institutional investors.

About MNTN

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.