Concurrent Investment Advisors LLC Buys Shares of 22,500 MNTN Inc. $MNTN

Concurrent Investment Advisors LLC purchased a new stake in shares of MNTN Inc. (NYSE:MNTN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,500 shares of the company’s stock, valued at approximately $492,000.

MNTN Stock Down 0.3%

Shares of MNTN stock opened at $15.01 on Friday. The company’s 50-day moving average price is $19.52. MNTN Inc. has a fifty-two week low of $14.71 and a fifty-two week high of $32.49.

MNTN (NYSE:MNTN) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $68.46 million for the quarter, compared to the consensus estimate of $64.54 million. MNTN’s quarterly revenue was up 25.0% compared to the same quarter last year. MNTN has set its Q3 2025 guidance at EPS.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley upped their target price on shares of MNTN from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC increased their price objective on MNTN from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of MNTN in a report on Wednesday, October 8th. JMP Securities boosted their price target on MNTN from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Finally, Tigress Financial upgraded MNTN from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $28.00 to $36.00 in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.70.

About MNTN

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.