UBS Group AG Buys 169,218 Shares of MNTN Inc. $MNTN

UBS Group AG grew its holdings in MNTN Inc. (NYSE:MNTN) by 142.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,267 shares of the company’s stock after purchasing an additional 169,218 shares during the period. UBS Group AG’s holdings in MNTN were worth $3,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MNTN. JPMorgan Chase & Co. bought a new stake in shares of MNTN in the third quarter valued at approximately $86,000. Bank of America Corp DE raised its position in shares of MNTN by 622,300.0% in the third quarter. Bank of America Corp DE now owns 6,224 shares of the company’s stock valued at $115,000 after purchasing an additional 6,223 shares during the period. Quantbot Technologies LP bought a new stake in shares of MNTN in the third quarter valued at approximately $170,000. Integrated Wealth Concepts LLC bought a new stake in shares of MNTN in the third quarter valued at approximately $204,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of MNTN in the second quarter valued at approximately $223,000. Institutional investors own 72.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of MNTN from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Susquehanna lowered their price target on shares of MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of MNTN in a research report on Friday, March 27th. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of MNTN in a research report on Wednesday, May 6th. Finally, Citigroup reduced their price objective on shares of MNTN from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.68.

MNTN Trading Down 0.1%

Shares of NYSE:MNTN opened at $8.37 on Monday. The company has a 50 day moving average of $9.09 and a 200 day moving average of $10.69. The stock has a market cap of $510.71 million and a P/E ratio of -279.03. MNTN Inc. has a 12 month low of $7.67 and a 12 month high of $32.49.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $72.63 million. MNTN had a net margin of 7.84% and a return on equity of 16.44%. MNTN’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.41) EPS. On average, equities analysts forecast that MNTN Inc. will post 0.99 earnings per share for the current fiscal 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.