MNTN Inc. (NYSE:MNTN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.65.

Several equities research analysts recently issued reports on MNTN shares. Weiss Ratings upgraded shares of MNTN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Tigress Financial dropped their price target on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 13th. Wall Street Zen lowered shares of MNTN from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Citigroup decreased their price objective on MNTN from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Morgan Stanley set a $16.00 price objective on MNTN in a research report on Monday, August 10th.

Insider Buying and Selling at MNTN

In related news, major shareholder Baroda Ventures Llc sold 275,115 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total transaction of $3,507,716.25. Following the completion of the sale, the insider directly owned 6,375,543 shares of the company’s stock, valued at approximately $81,288,173.25. This trade represents a 4.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 335,555 shares of company stock worth $4,266,038. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On MNTN

Institutional investors have recently made changes to their positions in the stock. Mercato Management Legacy LLC acquired a new position in shares of MNTN in the 1st quarter worth approximately $54,279,000. Pacer Advisors Inc. acquired a new stake in MNTN in the 1st quarter valued at approximately $771,000. Militia Capital Management LLC purchased a new stake in MNTN in the first quarter valued at approximately $2,284,000. Manchester Financial Inc. purchased a new stake in MNTN in the fourth quarter valued at approximately $2,388,000. Finally, Renaissance Technologies LLC lifted its stake in MNTN by 40.7% during the first quarter. Renaissance Technologies LLC now owns 646,217 shares of the company’s stock worth $5,687,000 after purchasing an additional 187,028 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors and hedge funds.

MNTN Stock Down 1.4%

Shares of NYSE:MNTN opened at $12.77 on Wednesday. MNTN has a 52-week low of $7.67 and a 52-week high of $20.86. The stock has a market cap of $790.46 million, a P/E ratio of 17.99 and a beta of 0.94. The business has a fifty day moving average of $11.17 and a two-hundred day moving average of $9.89.

MNTN (NYSE:MNTN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.10). The company had revenue of $82.54 million for the quarter, compared to analysts’ expectations of $82.34 million. MNTN had a return on equity of 18.85% and a net margin of 18.00%.The firm’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.65) EPS. On average, equities analysts anticipate that MNTN will post 0.87 earnings per share for the current year.

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.