MNTN (NYSE:MNTN) Issues Quarterly Earnings Results

MNTN (NYSE:MNTN) issued its earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08), Zacks reports. The company had revenue of $82.54 million during the quarter, compared to analyst estimates of $82.34 million. MNTN had a net margin of 7.84% and a return on equity of 16.44%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.65) EPS.

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 Stock Up 3.0%

Shares of NYSE MNTN traded up $0.30 during midday trading on Wednesday, reaching $10.35. The company had a trading volume of 1,640,201 shares, compared to its average volume of 956,293. The firm’s fifty day moving average price is $9.43 and its 200-day moving average price is $9.42. MNTN has a one year low of $7.67 and a one year high of $32.00. The stock has a market cap of $631.58 million, a PE ratio of -345.30 and a beta of 0.71.

Analysts Set New Price Targets

Several research analysts have weighed in on MNTN shares. Weiss Ratings upgraded MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Canaccord Genuity Group lowered their target price on MNTN from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Morgan Stanley reduced their price target on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of MNTN from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Citizens Jmp reduced their target price on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in MNTN by 14.7% during the fourth quarter. Bank of Montreal Can now owns 287,690 shares of the company’s stock valued at $3,435,000 after acquiring an additional 36,836 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of MNTN in the 2nd quarter worth $3,442,000. JPMorgan Chase & Co. lifted its position in MNTN by 7,337.0% during the fourth quarter. JPMorgan Chase & Co. now owns 343,513 shares of the company’s stock valued at $4,102,000 after purchasing an additional 338,894 shares in the last quarter. Mariner LLC bought a new stake in MNTN during the fourth quarter valued at about $4,306,000. Finally, Vanguard Group Inc. increased its position 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 buying an additional 551,392 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

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.