MNTN Inc. (NYSE:MNTN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MNTN Inc. (NYSE:MNTN) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.6818.

A number of analysts have issued reports on MNTN shares. Tigress Financial cut their price objective on shares of MNTN from $36.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday. Citigroup cut their price objective on shares of MNTN from $22.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wall Street Zen raised MNTN from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Canaccord Genuity Group dropped their price target on MNTN from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercato Management Legacy LLC acquired a new position in MNTN in the first quarter valued at about $54,279,000. Mercato Partners Growth Iii GP LLC acquired a new position in MNTN in the fourth quarter valued at about $73,646,000. Wellington Management Group LLP raised its stake in MNTN by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 5,730,723 shares of the company’s stock valued at $68,425,000 after purchasing an additional 385,421 shares in the last quarter. Bienville Capital Management LLC raised its stake in MNTN by 49.4% in the fourth quarter. Bienville Capital Management LLC now owns 919,052 shares of the company’s stock valued at $10,973,000 after purchasing an additional 303,905 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in MNTN by 4.6% in the fourth quarter. Federated Hermes Inc. now owns 680,000 shares of the company’s stock valued at $8,119,000 after purchasing an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

MNTN Stock Up 0.6%

NYSE MNTN opened at $9.49 on Monday. The company has a market capitalization of $578.86 million and a P/E ratio of -316.27. MNTN has a 12-month low of $7.67 and a 12-month high of $32.00. The firm has a 50-day moving average price of $9.01 and a two-hundred day moving average price of $10.51.

MNTN (NYSE:MNTN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $73.70 million during the quarter, compared to the consensus estimate of $72.63 million. MNTN had a net margin of 7.84% and a return on equity of 16.44%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.41) EPS. Equities analysts expect that MNTN will post 0.99 EPS for the current year.

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.