MNTN (NYSE:MNTN) Research Coverage Started at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of MNTN (NYSE:MNTN) in a report issued on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $25.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Citigroup assumed coverage on shares of MNTN in a report on Monday. They issued a “neutral” rating and a $22.00 price target on the stock. Wall Street Zen upgraded shares of MNTN to a “hold” rating in a report on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.56.

MNTN Trading Up 6.7%

Shares of MNTN opened at $21.21 on Monday. MNTN has a twelve month low of $11.00 and a twelve month high of $32.49.

Insider Activity

In related news, CEO Mark Steven Douglas sold 900,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $14,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dana R. Settle sold 800,000 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $12,800,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,955,232 shares of company stock valued at $31,283,712 in the last ninety days. Corporate insiders own 60.30% of the company’s stock.

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.