Claro Advisors LLC Purchases Shares of 15,347 MNTN Inc. $MNTN

Claro Advisors LLC acquired a new position in MNTN Inc. (NYSE:MNTN) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 15,347 shares of the company’s stock, valued at approximately $336,000.

Several other institutional investors have also recently added to or reduced their stakes in MNTN. TD Asset Management Inc acquired a new position in MNTN during the second quarter worth $731,000. Concurrent Investment Advisors LLC purchased a new stake in shares of MNTN in the 2nd quarter valued at $492,000. Finally, Bank of Montreal Can acquired a new position in MNTN during the 2nd quarter worth about $4,432,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

Wall Street Analyst Weigh In

MNTN has been the subject of several research reports. Tigress Financial raised MNTN from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $28.00 to $36.00 in a research report on Monday, August 11th. Citigroup upgraded shares of MNTN from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $33.00 to $22.00 in a report on Friday, October 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of MNTN in a report on Wednesday, October 8th. Citizens Jmp dropped their price target on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating for the company in a research note on Wednesday. Finally, JMP Securities set a $23.00 price objective on MNTN in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.15.

MNTN Stock Up 5.2%

Shares of MNTN stock opened at $14.36 on Friday. MNTN Inc. has a 52-week low of $13.30 and a 52-week high of $32.49. The business has a 50 day moving average price of $17.83.

MNTN (NYSE:MNTN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $70.02 million during the quarter, compared to analyst estimates of $70.11 million. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. MNTN has set its Q4 2025 guidance at EPS.

About MNTN

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.