MNTN (NYSE:MNTN) Shares Gap Up After Better-Than-Expected Earnings

MNTN Inc. (NYSE:MNTN) gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $8.13, but opened at $11.50. MNTN shares last traded at $11.2710, with a volume of 6,433,112 shares.

The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.26 by $0.17. The firm had revenue of $87.10 million during the quarter, compared to analyst estimates of $86.18 million. MNTN had a negative return on equity of 30.86% and a negative net margin of 16.47%.The firm’s revenue was up 24.8% compared to the same quarter last year.

MNTN News Roundup

Here are the key news stories impacting MNTN this week:

• Positive Sentiment: Q4 earnings beat and strong top-line growth — MNTN reported $0.43 EPS vs. $0.26 expected and revenue of $87.1M (up ~24.8% YoY), results that materially exceeded consensus and underpin the rally. MarketBeat Q4 results
• Positive Sentiment: FY 2026 revenue guidance raised above consensus — Management guided FY 2026 revenue to $345.0M–$355.0M vs. a consensus ~ $323.7M, suggesting stronger growth for the year and likely driving bullish investor expectations. BusinessWire press release
• Positive Sentiment: Market reaction and coverage amplified momentum — Multiple outlets reported the sharp after-hours move, increasing visibility and likely accelerating flows into the stock. MSN: What’s Behind MNTN’s After-Hours Surge?
• Neutral Sentiment: Earnings call / full transcript available — The company’s earnings call and slide deck provide management color on customer trends, margin cadence, and CAC/LTV metrics; investors should review the transcript/slides for details behind guidance. Seeking Alpha transcript
• Negative Sentiment: Q1 2026 revenue guide came in slightly below consensus — MNTN gave Q1 revenue guidance of roughly $71.3M–$73.3M vs. consensus ~$74.0M, a modest near-term soft spot that could temper some expectations. BusinessWire guidance details
• Negative Sentiment: Analyst price-target cut despite maintaining a positive rating — Susquehanna lowered its target from $38 to $20 (still a “positive” rating), which reduces some upside implied by earlier forecasts and could restrain longer-term momentum. The Fly: Susquehanna lowers price target

Wall Street Analyst Weigh In

MNTN has been the subject of several analyst reports. Susquehanna decreased their target price on shares of MNTN from $38.00 to $20.00 and set a “positive” rating for the company in a research note on Wednesday. Needham & Company LLC lowered their price objective on MNTN from $35.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Zacks Research downgraded shares of MNTN from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. TD Cowen raised shares of MNTN to a “buy” rating in a report on Thursday, December 4th. Finally, Wall Street Zen raised MNTN from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MNTN currently has a consensus rating of “Moderate Buy” and an average price target of $24.54.

Insider Activity

In other news, Director Hadi Partovi sold 86,665 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $13.39, for a total value of $1,160,444.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 447,520 shares of company stock worth $6,005,775 in the last quarter.

Institutional Investors Weigh In On MNTN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in shares of MNTN during the third quarter valued at about $54,000. Los Angeles Capital Management LLC acquired a new position in MNTN in the fourth quarter valued at about $53,000. JPMorgan Chase & Co. acquired a new stake in MNTN during the 3rd quarter valued at $86,000. Cary Street Partners Financial LLC grew its stake in shares of MNTN by 29.5% during the fourth quarter. Cary Street Partners Financial LLC now owns 20,385 shares of the company’s stock valued at $243,000 after purchasing an additional 4,640 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in MNTN by 622,300.0% in the third quarter. Bank of America Corp DE now owns 6,224 shares of the company’s stock valued at $115,000 after buying an additional 6,223 shares during the period. 72.90% of the stock is currently owned by institutional investors and hedge funds.

MNTN Stock Performance

The company has a 50-day moving average price of $11.20 and a 200-day moving average price of $16.06. The company has a market capitalization of $510.68 million and a price-to-earnings ratio of -8.11.

MNTN Company Profile

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.