MNTN Inc.’s Lock-Up Period To End Tomorrow (NYSE:MNTN)

MNTN’s (NYSE:MNTN) lock-up period will end on Tuesday, November 18th. MNTN had issued 11,700,000 shares in its initial public offering on May 22nd. The total size of the offering was $187,200,000 based on an initial share price of $16.00. After the expiration of MNTN’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of MNTN from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Tigress Financial restated a “strong-buy” rating and set a $36.00 price objective on shares of MNTN in a report on Friday, November 7th. Morgan Stanley set a $22.50 target price on MNTN in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d)” rating on shares of MNTN in a research report on Wednesday, October 8th. Finally, JMP Securities set a $23.00 price objective on MNTN in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.15.

MNTN Stock Up 0.4%

Shares of MNTN stock opened at $14.01 on Monday. The company has a fifty day moving average price of $17.08. MNTN has a twelve month low of $13.30 and a twelve month high of $32.49.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $70.00 million during the quarter, compared to analyst estimates of $70.11 million. The company’s quarterly revenue was up 22.6% on a year-over-year basis. MNTN has set its Q4 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MNTN. KLP Kapitalforvaltning AS bought a new position in MNTN during the 3rd quarter worth approximately $54,000. JPMorgan Chase & Co. acquired a new stake in shares of MNTN in the third quarter valued at approximately $86,000. Quantbot Technologies LP acquired a new stake in MNTN in the 3rd quarter valued at approximately $170,000. AMH Equity Ltd acquired a new stake in MNTN in the third quarter worth about $186,000. Finally, BCS Private Wealth Management Inc. bought a new stake in shares of MNTN during the 2nd quarter worth about $209,000. 72.90% of the stock is currently owned by institutional investors.

MNTN Company Profile

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.