MNTN (NYSE:MNTN) Stock Price Down 6% – What’s Next?

Posted by Brian Himes on Aug 28th, 2026

MNTN Inc. (NYSE:MNTN – Get Free Report) traded down 6% during mid-day trading on Wednesday . The stock traded as low as $12.54 and last traded at $12.4270. Approximately 178,518 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 974,686 shares. The stock had previously closed at $13.22.

Analyst Ratings Changes

Several research analysts recently commented on MNTN shares. Citigroup lowered their target price on MNTN from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Evercore set a $22.00 price objective on MNTN in a research note on Wednesday, August 5th. Wall Street Zen downgraded MNTN from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Tigress Financial cut their target price on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 13th. Finally, Morgan Stanley set a $16.00 target price on shares of MNTN in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.65.

Read Our Latest Research Report on MNTN

MNTN Price Performance

The company has a market capitalization of $780.87 million, a price-to-earnings ratio of 17.77 and a beta of 0.71. The stock has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $9.72.

MNTN (NYSE:MNTN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.10). MNTN had a return on equity of 18.85% and a net margin of 18.00%.The business had revenue of $82.54 million for the quarter, compared to analyst estimates of $82.34 million. During the same period in the prior year, the company posted ($0.65) earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts predict that MNTN Inc. will post 0.87 EPS for the current year.

Insider Activity

In other MNTN news, major shareholder Baroda Ventures Llc sold 275,115 shares of MNTN stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total transaction of $3,507,716.25. Following the transaction, the insider owned 6,375,543 shares of the company’s stock, valued at $81,288,173.25. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 335,555 shares of company stock valued at $4,266,038. 19.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MNTN

Institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of MNTN in the fourth quarter valued at approximately $43,000. Los Angeles Capital Management LLC acquired a new stake in shares of MNTN during the fourth quarter worth $53,000. JPMorgan Chase & Co. acquired a new stake in shares of MNTN during the third quarter worth $86,000. Royal Bank of Canada grew its position in MNTN by 2,093.6% in the 4th quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after buying an additional 5,590 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new position in MNTN in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

About MNTN

(Get Free Report)

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.