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

MNTN Inc. (NYSE:MNTNGet Free Report) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.85.

Several equities analysts have commented on MNTN shares. Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Citizens Jmp reduced their target price on MNTN from $23.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $15.00 price target on shares of MNTN in a report on Wednesday, May 6th. Canaccord Genuity Group cut their price objective on MNTN from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $26.00 target price on shares of MNTN in a research report on Wednesday, June 3rd.

Check Out Our Latest Research Report on MNTN

Institutional Trading of MNTN

Hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of MNTN during the 4th quarter valued at approximately $43,000. Los Angeles Capital Management LLC purchased a new position in MNTN in the fourth quarter valued at approximately $53,000. Royal Bank of Canada grew its holdings in MNTN by 2,093.6% during the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after purchasing an additional 5,590 shares during the period. JPMorgan Chase & Co. bought a new position in MNTN during the third quarter valued at $86,000. Finally, Barclays PLC increased its position in MNTN by 2,341.4% in the fourth quarter. Barclays PLC now owns 9,326 shares of the company’s stock worth $111,000 after buying an additional 8,944 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.

MNTN Price Performance

NYSE MNTN opened at $8.78 on Tuesday. The company has a fifty day moving average price of $9.21 and a 200-day moving average price of $9.65. The firm has a market cap of $535.36 million, a price-to-earnings ratio of -292.50 and a beta of 0.81. MNTN has a 1 year low of $7.67 and a 1 year high of $32.00.

MNTN (NYSE:MNTNGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). MNTN had a net margin of 7.84% and a return on equity of 16.44%. The firm had revenue of $73.70 million for the quarter, compared to the consensus estimate of $72.63 million. During the same period in the previous year, the business earned ($1.41) earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts anticipate that MNTN will post 0.99 EPS for the current fiscal year.

MNTN Company Profile

(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.

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Analyst Recommendations for MNTN (NYSE:MNTN)

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