MNTN Inc. (NYSE:MNTN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.15.

A number of research firms have commented on MNTN. Morgan Stanley set a $22.50 price objective on shares of MNTN in a research note on Wednesday, November 5th. Citigroup upgraded MNTN from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $33.00 to $22.00 in a research note on Friday, October 24th. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price objective on shares of MNTN in a report on Friday, November 7th. JMP Securities set a $23.00 target price on MNTN in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded MNTN from a “hold” rating to a “buy” rating in a report on Saturday, November 8th.

MNTN Price Performance

Shares of NYSE MNTN opened at $14.23 on Thursday. The firm has a fifty day moving average of $17.33. MNTN has a 12-month low of $13.30 and a 12-month high of $32.49.

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

Hedge Funds Weigh In On MNTN

Hedge funds and other institutional investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in MNTN during the 3rd quarter valued at $54,000. JPMorgan Chase & Co. acquired a new position in shares of MNTN during the third quarter valued at $86,000. Quantbot Technologies LP bought a new stake in shares of MNTN during the third quarter valued at about $170,000. AMH Equity Ltd acquired a new stake in MNTN in the third quarter worth about $186,000. Finally, BCS Private Wealth Management Inc. bought a new position in MNTN in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

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.