MNTN (NYSE:MNTN) Earns Neutral Rating from Analysts at Citigroup

Citigroup started coverage on shares of MNTN (NYSE:MNTN) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $22.00 target price on the stock.

Separately, Wall Street Zen upgraded MNTN to a “hold” rating in a report on Monday, June 2nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.56.

MNTN Stock Performance

NYSE:MNTN opened at $21.21 on Monday. MNTN has a 12 month low of $11.00 and a 12 month high of $32.49.

Insider Transactions at MNTN

In other news, CFO Patrick Pohlen sold 255,232 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $4,083,712.00. Following the sale, the chief financial officer now owns 1,319,489 shares in the company, valued at approximately $21,111,824. This represents a 16.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Steven Douglas sold 900,000 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,955,232 shares of company stock valued at $31,283,712. 60.30% of the stock is currently 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.