MNTN’s (MNTN) “Strong-Buy” Rating Reiterated at Tigress Financial

Tigress Financial reiterated their strong-buy rating on shares of MNTN (NYSE:MNTN) in a report published on Friday,Benzinga reports. The firm currently has a $36.00 price target on the stock.

Several other analysts also recently weighed in on MNTN. JMP Securities set a $23.00 target price on MNTN in a report on Wednesday. Morgan Stanley set a $22.50 price objective on MNTN in a research note on Wednesday. Needham & Company LLC lowered their target price on shares of MNTN from $35.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citizens Jmp decreased 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 note on Wednesday, November 5th. Finally, Citigroup raised shares of MNTN from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $33.00 to $22.00 in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.15.

MNTN Trading Down 1.1%

Shares of NYSE:MNTN traded down $0.16 during trading on Friday, hitting $14.23. 103,157 shares of the company were exchanged, compared to its average volume of 770,102. The company has a 50 day moving average of $17.71. MNTN has a 12-month low of $13.30 and a 12-month high of $32.49.

MNTN (NYSE:MNTN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.08 EPS 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 company’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

A number of institutional investors have recently bought and sold shares of MNTN. KLP Kapitalforvaltning AS purchased a new position in shares of MNTN in the third quarter valued at $54,000. JPMorgan Chase & Co. acquired a new stake in MNTN in the 3rd quarter valued at about $86,000. AMH Equity Ltd purchased a new position in MNTN during the 3rd quarter valued at about $186,000. BCS Private Wealth Management Inc. acquired a new position in MNTN during the second quarter worth about $209,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of MNTN in the second quarter valued at about $223,000. 72.90% of the stock is currently owned by hedge funds and other institutional investors.

About MNTN

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.