MNTN (NYSE:MNTN) Issues Quarterly Earnings Results

MNTN (NYSE:MNTN) issued its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08), Zacks reports. MNTN had a return on equity of 16.44% and a net margin of 7.84%.

Here are the key takeaways from MNTN’s conference call:

• Strong Q2 results: Revenue rose 21% year over year to $82.5 million, while adjusted EBITDA increased 48% to $21.5 million, both at the high end of guidance. Gross margin expanded to 80% and adjusted EBITDA margin reached 26.1%.
• MNTN ended the quarter with 4,225 active Performance TV customers, up approximately 40% year over year, while customer expansion remained above 115%, indicating continued budget growth among existing customers.
• Early adoption of new growth products is encouraging, with more than 7,000 MNTN Express signups and over 73,000 year-to-date QuickFrame AI signups. Management expects Express and Premium to become more meaningful revenue contributors in 2027, while QuickFrame may also create a funnel for the core Performance TV business.
• Management reiterated full-year 2026 revenue guidance of $347 million to $357 million and adjusted EBITDA guidance of $96 million to $101 million, while forecasting third-quarter revenue growth of 25% at the midpoint.
• The board authorized a stock repurchase program of up to $100 million through August 2027, supported by a balance sheet with $237 million in cash and no borrowings outstanding.

MNTN Trading Up 5.9%

Shares of MNTN traded up $0.56 during mid-day trading on Tuesday, reaching $10.09. 1,869,124 shares of the stock traded hands, compared to its average volume of 952,123. The company has a market cap of $615.71 million, a price-to-earnings ratio of -336.40 and a beta of 0.71. MNTN has a 1 year low of $7.67 and a 1 year high of $32.00. The firm has a fifty day moving average price of $9.41 and a 200 day moving average price of $9.43.

Institutional Investors Weigh In On MNTN

Several large investors have recently added to or reduced their stakes in MNTN. Aster Capital Management DIFC Ltd purchased a new position in MNTN during the fourth quarter worth about $43,000. Los Angeles Capital Management LLC purchased a new stake in shares of MNTN in the 4th quarter valued at about $53,000. Royal Bank of Canada boosted its position in shares of MNTN by 2,093.6% during the 4th quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after acquiring an additional 5,590 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of MNTN during the 3rd quarter valued at about $86,000. Finally, Barclays PLC grew its holdings in shares of MNTN by 2,341.4% during the fourth quarter. Barclays PLC now owns 9,326 shares of the company’s stock worth $111,000 after purchasing an additional 8,944 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MNTN shares. Tigress Financial reaffirmed a “strong-buy” rating and issued a $26.00 price objective on shares of MNTN in a report on Wednesday, June 3rd. Canaccord Genuity Group dropped their target price on MNTN from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Citizens Jmp cut their price target on MNTN from $23.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings upgraded MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised MNTN from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MNTN currently has an average rating of “Moderate Buy” and an average target price of $19.85.

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.