MNTN Inc. (NYSE:MNTN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.3636.

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of MNTN in a report on Friday, March 27th. Evercore set a $27.00 price objective on MNTN in a research report on Wednesday, February 11th. Susquehanna dropped their price target on MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a research note on Wednesday, February 11th. Canaccord Genuity Group dropped their target price on shares of MNTN from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, UBS Group set a $20.50 target price on MNTN in a report on Tuesday, January 13th.

MNTN Price Performance

NYSE:MNTN opened at $10.02 on Friday. The firm has a market capitalization of $739.84 million and a P/E ratio of -6.46. The business has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $12.05. MNTN has a 12-month low of $7.71 and a 12-month high of $32.49.

MNTN (NYSE:MNTN) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. The business had revenue of $87.10 million during the quarter, compared to analyst estimates of $86.18 million. MNTN had a negative net margin of 2.22% and a positive return on equity of 9.51%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year.

Institutional Trading of MNTN

Several large investors have recently added to or reduced their stakes in MNTN. Aster Capital Management DIFC Ltd bought a new position in MNTN during the fourth quarter valued at about $43,000. Los Angeles Capital Management LLC bought a new position in MNTN in the 4th quarter worth $53,000. KLP Kapitalforvaltning AS bought a new position in shares of MNTN in the third quarter worth about $54,000. Royal Bank of Canada lifted its position in shares of MNTN by 2,093.6% during the 4th quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock worth $70,000 after purchasing an additional 5,590 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in MNTN during the 3rd quarter valued at approximately $86,000. 72.90% of the stock is owned by institutional investors.

About MNTN

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.