MNTN Inc. (NYSE:MNTN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.85.

Several analysts recently commented on MNTN shares. Tigress Financial restated a “strong-buy” rating and set a $26.00 price target on shares of MNTN in a report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of MNTN in a research report on Wednesday, May 6th. Citizens Jmp decreased their target price on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Finally, Morgan Stanley reduced their price objective on MNTN from $20.50 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On MNTN

Several large investors have recently made changes to their positions in the company. Mercato Management Legacy LLC bought a new position in MNTN during the first quarter valued at approximately $54,279,000. Militia Capital Management LLC bought a new stake in MNTN in the first quarter worth approximately $2,284,000. UBS Group AG increased its stake in shares of MNTN by 142.1% during the 4th quarter. UBS Group AG now owns 288,267 shares of the company’s stock worth $3,442,000 after purchasing an additional 169,218 shares during the last quarter. Manchester Financial Inc. bought a new position in shares of MNTN during the 4th quarter valued at $2,388,000. Finally, WINTON GROUP Ltd bought a new stake in MNTN in the fourth quarter worth $881,000. Institutional investors own 72.90% of the company’s stock.

MNTN Stock Up 8.6%

Shares of MNTN stock opened at $9.32 on Tuesday. MNTN has a 12 month low of $7.67 and a 12 month high of $32.00. The stock has a market cap of $568.49 million, a PE ratio of -310.60 and a beta of 0.81. The business has a fifty day simple moving average of $9.28 and a 200-day simple moving average of $9.53.

MNTN (NYSE:MNTN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $73.70 million for the quarter, compared to analyst estimates of $72.63 million. MNTN had a net margin of 7.84% and a return on equity of 16.44%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.41) earnings per share. Analysts expect that MNTN will post 0.99 EPS for the current fiscal year.

About MNTN

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.