MNTN, Inc. (NYSE:MNTN) Given Average Recommendation of “N/A” by Brokerages

MNTN, Inc. (NYSE:MNTN) has earned a consensus rating of “N/A” from the zero ratings firms that are presently covering the stock, Marketbeat Ratings reports.

Several brokerages have weighed in on MNTN. Needham & Company LLC began coverage on shares of MNTN in a research report on Monday. They set a “buy” rating and a $25.00 target price on the stock. Citigroup assumed coverage on shares of MNTN in a research report on Monday. They set a “neutral” rating and a $22.00 target price on the stock. Morgan Stanley assumed coverage on shares of MNTN in a research report on Monday. They issued an “equal weight” rating and a $20.00 price target on the stock. Raymond James assumed coverage on shares of MNTN in a research report on Monday. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Citizens Jmp initiated coverage on shares of MNTN in a research report on Monday. They issued an “outperform” rating and a $23.00 price target on the stock.

Insider Activity

In related news, CEO Mark Steven Douglas sold 900,000 shares of MNTN stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $14,400,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dana R. Settle sold 800,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $12,800,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,955,232 shares of company stock valued at $31,283,712. Company insiders own 60.30% of the company’s stock.

MNTN Stock Performance

NYSE MNTN opened at $19.13 on Monday. MNTN has a 52-week low of $18.25 and a 52-week high of $32.49.

MNTN Company Profile

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.