MNTN (NYSE:MNTN) Receives Strong-Buy Rating from Tigress Financial

MNTN (NYSE:MNTN)‘s stock had its “strong-buy” rating reaffirmed by research analysts at Tigress Financial in a research note issued on Friday,Benzinga reports. They currently have a $36.00 price target on the stock. Tigress Financial’s price objective would suggest a potential upside of 150.66% from the stock’s previous close.

Several other research firms have also issued reports on MNTN. Citizens Jmp reduced their price target on MNTN from $33.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Evercore ISI reduced their target price on MNTN from $39.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley set a $22.50 price target on MNTN in a research note on Wednesday. JMP Securities set a $23.00 price objective on shares of MNTN in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MNTN in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MNTN presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.15.

MNTN Trading Down 0.1%

Shares of NYSE MNTN traded down $0.01 during mid-day trading on Friday, hitting $14.36. The company’s stock had a trading volume of 3,025,789 shares, compared to its average volume of 776,114. MNTN has a one year low of $13.30 and a one year high of $32.49. The company has a fifty day simple moving average of $17.83.

MNTN (NYSE:MNTN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $70.02 million for the quarter, compared to the consensus estimate of $70.11 million. MNTN’s revenue for the quarter was up 22.6% compared to the same quarter last year. MNTN has set its Q4 2025 guidance at EPS.

Hedge Funds Weigh In On MNTN

A number of large investors have recently added to or reduced their stakes in MNTN. Vanguard Group Inc. raised its stake in shares of MNTN by 787.7% in the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock valued at $11,527,000 after purchasing an additional 551,392 shares during the period. Federated Hermes Inc. acquired a new position in shares of MNTN during the second quarter worth about $11,482,000. G2 Investment Partners Management LLC bought a new position in shares of MNTN during the second quarter worth about $6,996,000. Bank of Montreal Can acquired a new stake in MNTN in the 2nd quarter valued at approximately $4,432,000. Finally, Balyasny Asset Management L.P. acquired a new position in MNTN during the 2nd quarter worth approximately $3,442,000. Institutional investors own 72.90% of the company’s stock.

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.