MNTN (NYSE:MNTN) Downgraded by Evercore to In-Line

Evercore lowered shares of MNTN (NYSE:MNTN) from an outperform rating to an in-line rating in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has $7.00 price objective on the stock.

Several other analysts also recently issued reports on the company. Morgan Stanley set a $16.00 price target on MNTN in a report on Monday, August 10th. Citigroup downgraded MNTN from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $7.00 in a research note on Thursday. Tigress Financial dropped their target price on MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Thursday, August 13th. Raymond James Financial lowered MNTN from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Citizens Jmp cut MNTN from an “outperform” rating to a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MNTN has a consensus rating of “Hold” and an average target price of $15.30.

MNTN Stock Down 55.0%

MNTN opened at $4.67 on Thursday. The company’s 50-day moving average price is $10.70 and its 200 day moving average price is $9.94. MNTN has a fifty-two week low of $4.61 and a fifty-two week high of $14.89. The firm has a market cap of $288.72 million, a price-to-earnings ratio of 13.83 and a beta of 1.17.

MNTN (NYSE:MNTN) last issued its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The company had revenue of $80.25 million during the quarter, compared to analyst estimates of $87.77 million. MNTN had a net margin of 17.81% and a return on equity of 18.46%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Research analysts anticipate that MNTN will post 0.87 earnings per share for the current year.

Insider Activity at MNTN

In other MNTN news, major shareholder Baroda Ventures Llc sold 275,115 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $12.75, for a total value of $3,507,716.25. Following the sale, the insider owned 6,375,543 shares in the company, valued at approximately $81,288,173.25. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 335,555 shares of company stock valued at $4,266,038 in the last quarter. 19.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MNTN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNTN. Alps Advisors Inc. acquired a new stake in MNTN in the 3rd quarter valued at approximately $493,000. One Way Holdings LLC acquired a new position in MNTN during the 3rd quarter worth $1,122,000. State of Alaska Department of Revenue acquired a new position in MNTN during the 3rd quarter worth $26,000. Pacer Advisors Inc. bought a new position in shares of MNTN in the first quarter worth $771,000. Finally, Zazove Associates LLC increased its holdings in shares of MNTN by 18.7% during the first quarter. Zazove Associates LLC now owns 150,322 shares of the company’s stock valued at $1,323,000 after purchasing an additional 23,721 shares during the period. 72.90% of the stock is owned by institutional investors.

MNTN News Roundup

Here are the key news stories impacting MNTN this week:

• Positive Sentiment: Revenue increased 14.6% year over year to $80.25 million, indicating continued growth, though it fell short of analysts’ expectations. MNTN Reports Third Quarter 2026 Results
• Neutral Sentiment: Analyst actions were mixed: Susquehanna cut its price target to $12 but kept a positive rating, while Evercore, Raymond James and Citizens JMP lowered their ratings. Susquehanna Analyst Update
• Negative Sentiment: Third-quarter adjusted earnings of $0.10 per share and revenue of $80.25 million both missed consensus estimates. MNTN also forecast fourth-quarter revenue of $75 million–$78 million as its new CEO pursues a go-to-market reset. MNTN Q4 Outlook and Go-to-Market Reset
• Negative Sentiment: Management cited sales-force disruption and attrition, raising concerns about customer acquisition and future growth. The disclosures prompted law firms to investigate potential securities claims; these are investigations, not findings of wrongdoing. Kehoe Law Firm Investigation Announcement

About MNTN

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.

The company’s products support campaign creation, audience targeting, media buying and analytics across streaming television environments.