UBS Group AG Has $3.44 Million Stock Position in MNTN Inc. $MNTN

UBS Group AG grew its holdings in shares of MNTN Inc. (NYSE:MNTN) by 142.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,267 shares of the company’s stock after buying an additional 169,218 shares during the quarter. UBS Group AG owned 0.65% of MNTN worth $3,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MNTN. Soros Fund Management LLC acquired a new position in shares of MNTN during the second quarter valued at about $2,187,000. Raymond James Financial Inc. purchased a new position in MNTN during the second quarter worth about $2,111,000. Bamco Inc. NY purchased a new position in MNTN during the second quarter worth about $1,531,000. Balyasny Asset Management L.P. purchased a new position in MNTN during the second quarter worth about $3,442,000. Finally, Boothbay Fund Management LLC purchased a new position in MNTN during the second quarter worth about $2,183,000. 72.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNTN has been the topic of several analyst reports. Raymond James Financial restated an “outperform” rating and set a $15.00 price target on shares of MNTN in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (e+)” rating on shares of MNTN in a report on Friday, March 27th. Morgan Stanley cut their price target on shares of MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Susquehanna cut their price target on shares of MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a report on Wednesday, February 11th. Finally, Citizens Jmp cut their price target on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MNTN currently has an average rating of “Moderate Buy” and an average target price of $20.68.

MNTN Stock Performance

Shares of MNTN stock opened at $8.37 on Monday. The firm has a market cap of $510.71 million and a price-to-earnings ratio of -279.03. MNTN Inc. has a 52 week low of $7.67 and a 52 week high of $32.49. The firm’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $10.69.

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

MNTN 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.