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

MNTN Inc. (NYSE:MNTN) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.85.

Several analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $26.00 target price on shares of MNTN in a report on Wednesday, June 3rd. Wall Street Zen cut shares of MNTN from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $15.00 price target on shares of MNTN in a research note on Wednesday, May 6th.

Institutional Trading of MNTN

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in MNTN in the fourth quarter valued at $43,000. Los Angeles Capital Management LLC acquired a new stake in MNTN in the fourth quarter valued at $53,000. Royal Bank of Canada raised its holdings in MNTN by 2,093.6% during the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock worth $70,000 after purchasing an additional 5,590 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in MNTN during the third quarter worth approximately $86,000. Finally, Barclays PLC raised its holdings in 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. 72.90% of the stock is currently owned by institutional investors and hedge funds.

MNTN Trading Down 0.0%

Shares of NYSE MNTN opened at $8.38 on Friday. The stock has a market cap of $511.02 million and a P/E ratio of -279.20. MNTN has a 12-month low of $7.67 and a 12-month high of $32.00. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $9.87.

MNTN (NYSE:MNTN) last announced its quarterly earnings data 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). The company had revenue of $73.70 million during the quarter, compared to analyst estimates of $72.63 million. MNTN had a net margin of 7.84% and a return on equity of 16.44%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.41) earnings per share. On average, equities analysts forecast that MNTN will post 0.99 EPS for the current fiscal 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.