Militia Capital Management LLC Purchases Shares of 259,587 MNTN Inc. $MNTN

Militia Capital Management LLC acquired a new position in shares of MNTN Inc. (NYSE:MNTN) during the 1st quarter, Holdings Channel reports. The firm acquired 259,587 shares of the company’s stock, valued at approximately $2,284,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in MNTN during the fourth quarter worth about $43,000. Los Angeles Capital Management LLC bought a new stake in MNTN in the fourth quarter valued at approximately $53,000. Royal Bank of Canada raised its stake in MNTN by 2,093.6% in the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after buying an additional 5,590 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of MNTN in the third quarter valued at approximately $86,000. Finally, Barclays PLC boosted its stake in shares of MNTN by 2,341.4% during the 4th quarter. Barclays PLC now owns 9,326 shares of the company’s stock worth $111,000 after acquiring an additional 8,944 shares during the period. 72.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Citizens Jmp reduced their price objective on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Tigress Financial reiterated a “strong-buy” rating and issued a $26.00 price objective on shares of MNTN in a report on Wednesday, June 3rd. Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of MNTN from a “buy” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.85.

MNTN Trading Down 3.1%

Shares of NYSE MNTN opened at $8.55 on Thursday. The firm has a market cap of $521.76 million, a P/E ratio of -285.07 and a beta of 0.81. The business’s 50 day moving average is $9.23 and its 200-day moving average is $9.60. MNTN Inc. has a 1-year low of $7.67 and a 1-year high of $32.00.

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