MNTN Inc. (MNTN) – What Are Investment Firms Thinking About This Stock?

Shares of MNTN Inc. (NYSE:MNTN) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.65.

A number of equities analysts recently issued reports on MNTN shares. Tigress Financial lowered their price target on MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Thursday, August 13th. Morgan Stanley set a $16.00 price objective on MNTN in a research report on Monday, August 10th. Citigroup lowered their target price on MNTN from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings raised MNTN from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Finally, Evercore set a $22.00 price target on MNTN in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other MNTN news, major shareholder Baroda Ventures Llc sold 275,115 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 6,375,543 shares of the company’s stock, valued at approximately $81,288,173.25. The trade was a 4.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 335,555 shares of company stock valued at $4,266,038. Company insiders own 19.60% of the company’s stock.

Institutional Trading of MNTN

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of MNTN during the third quarter worth about $26,000. Hsbc Holdings PLC raised its holdings in MNTN by 45.4% during the first quarter. Hsbc Holdings PLC now owns 18,311 shares of the company’s stock worth $161,000 after purchasing an additional 5,720 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in MNTN during the first quarter worth about $117,000. Chicago Partners Investment Group LLC acquired a new stake in MNTN in the first quarter valued at about $156,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in MNTN in the first quarter valued at about $162,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

MNTN Trading Up 0.5%

Shares of MNTN opened at $9.39 on Thursday. The company’s 50 day simple moving average is $10.99 and its 200-day simple moving average is $9.98. The firm has a market cap of $581.39 million, a PE ratio of 13.26 and a beta of 1.15. MNTN has a 12-month low of $7.67 and a 12-month high of $16.91.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.10). MNTN had a return on equity of 18.85% and a net margin of 18.00%. The business had revenue of $82.54 million for the quarter, compared to analysts’ expectations of $82.34 million. During the same period in the previous year, the business posted ($0.65) earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities research analysts forecast that MNTN will post 0.87 EPS for the current fiscal year.

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.