MNTN Inc. (NYSE:MNTN) Receives $23.45 Average PT from Analysts

Shares of MNTN Inc. (NYSE:MNTN) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.4545.

A number of analysts have recently issued reports on the stock. Tigress Financial restated a “strong-buy” rating and set a $36.00 price target on shares of MNTN in a report on Friday, November 7th. UBS Group set a $20.50 target price on MNTN in a research note on Tuesday, January 13th. Needham & Company LLC reduced their target price on MNTN from $35.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Evercore set a $27.00 price target on MNTN in a research note on Wednesday, February 11th. Finally, TD Cowen raised MNTN to a “buy” rating in a research report on Thursday, December 4th.

MNTN Stock Down 5.2%

NYSE MNTN opened at $9.48 on Friday. MNTN has a 52 week low of $7.71 and a 52 week high of $32.49. The business’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $14.94. The firm has a market cap of $419.21 million and a PE ratio of -6.11.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.17. The firm had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $86.18 million. MNTN had a negative net margin of 2.22% and a positive return on equity of 9.51%. The firm’s revenue was up 24.8% on a year-over-year basis.

Insider Buying and Selling at MNTN

In other MNTN news, Director Hadi Partovi sold 86,665 shares of MNTN stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $13.39, for a total transaction of $1,160,444.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 447,520 shares of company stock worth $6,005,775 in the last ninety days.

Hedge Funds Weigh In On MNTN

A number of hedge funds have recently made changes to their positions in the stock. Compound Planning Inc. purchased a new stake in MNTN in the fourth quarter valued at approximately $478,000. Corient Private Wealth LLC acquired a new stake in shares of MNTN in the fourth quarter valued at $1,672,000. Zazove Associates LLC raised its holdings in shares of MNTN by 153.2% in the 4th quarter. Zazove Associates LLC now owns 126,601 shares of the company’s stock valued at $1,512,000 after buying an additional 76,601 shares during the period. XTX Topco Ltd purchased a new position in MNTN during the 4th quarter valued at about $353,000. Finally, Uniplan Investment Counsel Inc. grew its position in MNTN by 75.4% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 94,185 shares of the company’s stock valued at $1,125,000 after acquiring an additional 40,499 shares in the last quarter. Hedge funds and other institutional investors own 72.90% of the company’s stock.

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.