MNTN (NYSE:MNTN) Price Target Lowered to $22.00 at Tigress Financial

MNTN (NYSE:MNTN) had its price objective dropped by Tigress Financial from $26.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Tigress Financial’s target price suggests a potential upside of 81.07% from the stock’s current price.

A number of other research analysts have also recently weighed in on MNTN. Wall Street Zen cut shares of MNTN from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of MNTN in a research report on Wednesday, May 6th. Morgan Stanley set a $16.00 price target on shares of MNTN in a research note on Monday. Citizens Jmp reduced their price objective on MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

MNTN Trading Up 1.7%

MNTN stock traded up $0.20 during midday trading on Thursday, reaching $12.15. 820,191 shares of the stock traded hands, compared to its average volume of 974,940. The firm has a market cap of $751.96 million, a PE ratio of 17.10 and a beta of 0.71. The company has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.45. MNTN has a 12-month low of $7.67 and a 12-month high of $23.25.

Institutional Trading of MNTN

A number of institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in MNTN in the fourth quarter valued at approximately $43,000. Los Angeles Capital Management LLC purchased a new position in shares of MNTN in the 4th quarter valued at $53,000. Royal Bank of Canada lifted its position in MNTN by 2,093.6% in the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after acquiring an additional 5,590 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in MNTN in the third quarter valued at $86,000. Finally, Barclays PLC grew its holdings in shares of MNTN by 2,341.4% during the fourth quarter. Barclays PLC now owns 9,326 shares of the company’s stock worth $111,000 after purchasing an additional 8,944 shares during the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.

MNTN Company Profile

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.