Susquehanna Begins Coverage on MNTN (NYSE:MNTN)

Equities researchers at Susquehanna began coverage on shares of MNTN (NYSE:MNTN) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “positive” rating and a $38.00 price target on the stock. Susquehanna’s price target would indicate a potential upside of 107.03% from the company’s previous close.

Other analysts also recently issued research reports about the company. Evercore ISI started coverage on MNTN in a research note on Monday. They issued an “outperform” rating and a $27.00 price target on the stock. Needham & Company LLC assumed coverage on MNTN in a research note on Monday. They issued a “buy” rating and a $25.00 target price on the stock. Wall Street Zen raised MNTN to a “hold” rating in a research report on Monday, June 2nd. Citigroup began coverage on shares of MNTN in a research note on Monday. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Citizens Jmp began coverage on shares of MNTN in a report on Monday. They set an “outperform” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MNTN presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

MNTN Stock Performance

NYSE:MNTN opened at $18.36 on Monday. MNTN has a one year low of $11.00 and a one year high of $32.49.

Insider Buying and Selling

In other MNTN news, CEO Mark Steven Douglas sold 900,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $14,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick Pohlen sold 255,232 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $4,083,712.00. Following the completion of the transaction, the chief financial officer now owns 1,319,489 shares in the company, valued at $21,111,824. This trade represents a 16.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,955,232 shares of company stock worth $31,283,712. 60.30% of the stock is owned by insiders.

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.