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

Shares of MNTN Inc. (NYSE:MNTN) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $23.4545.

A number of analysts have commented on MNTN shares. Needham & Company LLC reduced their price target on MNTN from $35.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen upgraded MNTN from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Tigress Financial restated a “strong-buy” rating and set a $36.00 target price on shares of MNTN in a research note on Friday, November 7th. Zacks Research lowered shares of MNTN from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Evercore set a $27.00 price objective on shares of MNTN in a research note on Wednesday, February 11th.

Insider Buying and Selling at MNTN

In other news, Director Hadi Partovi sold 192,598 shares of MNTN stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $13.46, for a total value of $2,592,369.08. Following the sale, the director directly owned 254,922 shares of the company’s stock, valued at approximately $3,431,250.12. The trade was a 43.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 447,520 shares of company stock worth $6,005,775 in the last ninety days. Company insiders own 60.30% of the company’s stock.

Hedge Funds Weigh In On MNTN

A number of institutional investors and hedge funds have recently modified their holdings of MNTN. Mercato Partners Growth Iii GP LLC purchased a new stake in shares of MNTN during the fourth quarter valued at $73,646,000. Wellington Management Group LLP grew its stake in MNTN by 67.8% in the third quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company’s stock valued at $99,155,000 after purchasing an additional 2,159,075 shares during the last quarter. Vanguard Group Inc. grew its holdings in MNTN by 787.7% in the third quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock worth $11,527,000 after purchasing an additional 551,392 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of MNTN during the second quarter valued at about $11,482,000. Finally, Mariner LLC acquired a new stake in shares of MNTN during the fourth quarter worth $4,306,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

MNTN Stock Performance

Shares of NYSE:MNTN opened at $9.65 on Friday. The stock’s 50-day simple moving average is $10.66 and its two-hundred day simple moving average is $14.82. The stock has a market capitalization of $426.60 million and a price-to-earnings ratio of -6.22. MNTN has a 52-week low of $7.71 and a 52-week high of $32.49.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.17. The firm had revenue of $87.10 million for the quarter, compared to analysts’ expectations of $86.18 million. MNTN had a negative net margin of 2.22% and a positive return on equity of 9.51%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last 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.