MNTN Inc. (NYSE:MNTN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.6818.

Several analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on MNTN from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Morgan Stanley reduced their target price on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Citizens Jmp reduced their target price on MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Tigress Financial reduced their target price on MNTN from $36.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Citigroup reduced their target price on MNTN from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 12th.

Hedge Funds Weigh In On MNTN

Several institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new position in MNTN in the fourth quarter valued at approximately $43,000. Los Angeles Capital Management LLC acquired a new position in MNTN in the fourth quarter valued at approximately $53,000. JPMorgan Chase & Co. acquired a new position in MNTN in the third quarter valued at approximately $86,000. Cary Street Partners Financial LLC raised its position in shares of MNTN by 29.5% during the fourth quarter. Cary Street Partners Financial LLC now owns 20,385 shares of the company’s stock worth $243,000 after purchasing an additional 4,640 shares during the period. Finally, Royal Bank of Canada raised its position in shares of MNTN by 2,093.6% during the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock worth $70,000 after purchasing an additional 5,590 shares during the period. 72.90% of the stock is owned by institutional investors and hedge funds.

MNTN Stock Up 0.6%

MNTN stock opened at $9.49 on Monday. MNTN has a 12-month low of $7.67 and a 12-month high of $32.00. The business’s 50-day moving average price is $9.01 and its two-hundred day moving average price is $10.51. The stock has a market cap of $578.86 million and a PE ratio of -316.27.

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