Claro Advisors LLC Purchases New Holdings in MNTN Inc. $MNTN

Claro Advisors LLC acquired a new position in shares of MNTN Inc. (NYSE:MNTN) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 15,347 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of MNTN during the second quarter worth approximately $492,000. TD Asset Management Inc purchased a new position in MNTN in the 2nd quarter valued at $731,000. Finally, Bank of Montreal Can acquired a new stake in MNTN during the 2nd quarter worth $4,432,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MNTN shares. Needham & Company LLC decreased their price target on shares of MNTN from $35.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday. Citizens Jmp cut their price objective on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating for the company in a report on Wednesday. Evercore ISI lowered their target price on MNTN from $39.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of MNTN in a research report on Wednesday, October 8th. Finally, Tigress Financial upgraded MNTN from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $28.00 to $36.00 in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.15.

MNTN Price Performance

MNTN stock opened at $14.36 on Friday. The company has a 50 day moving average price of $17.83. MNTN Inc. has a 1-year low of $13.30 and a 1-year high of $32.49.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $70.02 million during the quarter, compared to analyst estimates of $70.11 million. The company’s revenue was up 22.6% compared to the same quarter last year. MNTN has set its Q4 2025 guidance at EPS.

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.