MNTN (NYSE:MNTN) Sees Strong Trading Volume – Time to Buy?

MNTN Inc. (NYSE:MNTN) shares saw strong trading volume on Thursday . 1,563,739 shares changed hands during trading, an increase of 110% from the previous session’s volume of 743,253 shares.The stock last traded at $14.2450 and had previously closed at $13.65.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MNTN shares. Morgan Stanley set a $22.50 price target on shares of MNTN in a research note on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of MNTN in a research report on Wednesday, October 8th. Citizens Jmp reduced 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 report on Wednesday. Wall Street Zen upgraded MNTN from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup raised MNTN from a “neutral” rating to a “buy” rating and reduced their target price for the company from $33.00 to $22.00 in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.15.

MNTN Trading Down 0.1%

The stock’s 50 day moving average price is $17.71.

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

Institutional Trading of MNTN

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of MNTN by 787.7% during the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock valued at $11,527,000 after acquiring an additional 551,392 shares during the last quarter. Federated Hermes Inc. purchased a new position in MNTN during the second quarter worth about $11,482,000. G2 Investment Partners Management LLC acquired a new position in MNTN in the 2nd quarter valued at about $6,996,000. Bank of Montreal Can purchased a new stake in shares of MNTN in the 2nd quarter valued at approximately $4,432,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of MNTN during the 2nd quarter worth approximately $3,442,000. 72.90% of the stock is owned by institutional investors and hedge funds.

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.