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

MNTN Inc. (NYSE:MNTN) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.6818.

MNTN has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price target on MNTN from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Raymond James Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of MNTN in a research note on Wednesday, May 6th. Citigroup dropped their price objective on MNTN from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings upgraded MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. Finally, Susquehanna dropped their price objective on MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a research note on Wednesday, February 11th.

Institutional Investors Weigh In On MNTN

A number of institutional investors and hedge funds have recently made changes to their positions in MNTN. Mercato Management Legacy LLC bought a new stake in shares of MNTN during the 1st quarter worth approximately $54,279,000. Mercato Partners Growth Iii GP LLC bought a new stake in shares of MNTN during the 4th quarter worth approximately $73,646,000. Wellington Management Group LLP raised its stake in shares of MNTN by 67.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company’s stock worth $99,155,000 after purchasing an additional 2,159,075 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MNTN by 787.7% during the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock worth $11,527,000 after purchasing an additional 551,392 shares in the last quarter. Finally, Mariner LLC bought a new stake in shares of MNTN during the 4th quarter worth approximately $4,306,000. Institutional investors own 72.90% of the company’s stock.

MNTN Stock Down 3.6%

NYSE:MNTN opened at $9.35 on Monday. MNTN has a twelve month low of $7.67 and a twelve month high of $32.00. The business has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $10.39. The company has a market cap of $570.20 million and a P/E ratio of -311.53.

MNTN (NYSE:MNTN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). MNTN had a return on equity of 16.44% and a net margin of 7.84%.The firm had revenue of $73.70 million for the quarter, compared to analyst estimates of $72.63 million. During the same period last year, the company earned ($1.41) EPS. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, analysts anticipate that MNTN will post 0.99 earnings per share 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.