MNTN (NYSE:MNTN – Get Free Report) had its target price cut by investment analysts at Citigroup from $17.00 to $16.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 29.84% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Citizens Jmp dropped their price objective on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price objective on shares of MNTN in a research note on Wednesday, May 6th. Weiss Ratings raised MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Tigress Financial reduced their price target on MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Thursday. Finally, Wall Street Zen cut MNTN from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.65.
Read Our Latest Stock Analysis on MNTN
MNTN Price Performance
Institutional Trading of MNTN
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in MNTN during the 4th quarter worth approximately $43,000. Los Angeles Capital Management LLC bought a new position in shares of MNTN in the fourth quarter worth approximately $53,000. Royal Bank of Canada raised its holdings in MNTN by 2,093.6% during 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. JPMorgan Chase & Co. purchased a new stake in MNTN during the 3rd quarter valued at $86,000. Finally, Barclays PLC increased its position in shares of MNTN by 2,341.4% in the fourth quarter. Barclays PLC now owns 9,326 shares of the company’s stock valued at $111,000 after acquiring an additional 8,944 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.
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.
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