MNTN (NYSE:MNTN) Stock Price Down 6.6% – Here’s Why

Posted by Geri Gentry on Sep 30th, 2026

MNTN Inc. (NYSE:MNTN – Get Free Report) shares traded down 6.6% on Monday. The stock traded as low as $10.28 and last traded at $10.28. Approximately 349,446 shares were traded during trading, a decline of 63% from the average session volume of 949,260 shares. The stock had previously closed at $11.01.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MNTN. Evercore set a $22.00 target price on MNTN in a research note on Wednesday, August 5th. Citigroup dropped their price target on MNTN from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Tigress Financial reduced their price objective on MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings upgraded MNTN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley set a $16.00 target price on MNTN in a research note on Monday, August 10th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

View Our Latest Analysis on MNTN

MNTN Stock Up 1.9%

The firm’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $10.02. The company has a market cap of $642.88 million, a price-to-earnings ratio of 14.63 and a beta of 0.94.

MNTN (NYSE:MNTN – Get Free Report) last issued 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 quarter in the prior year, the firm posted ($0.65) earnings per share. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts anticipate that MNTN Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at MNTN

In other news, major shareholder Baroda Ventures Llc sold 275,115 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total value of $3,507,716.25. Following the completion of the transaction, the insider owned 6,375,543 shares of the company’s stock, valued at approximately $81,288,173.25. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 335,555 shares of company stock worth $4,266,038. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On MNTN

Several institutional investors have recently bought and sold shares of MNTN. Mercato Management Legacy LLC bought a new stake in shares of MNTN during the 1st quarter worth about $54,279,000. Pacer Advisors Inc. bought a new position in shares of MNTN in the first quarter valued at approximately $771,000. Militia Capital Management LLC acquired a new position in shares of MNTN during the first quarter valued at approximately $2,362,000. Manchester Financial Inc. bought a new stake in MNTN during the fourth quarter worth approximately $2,388,000. Finally, Renaissance Technologies LLC raised its holdings in MNTN by 40.7% during the first quarter. Renaissance Technologies LLC now owns 646,217 shares of the company’s stock worth $5,687,000 after purchasing an additional 187,028 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

About MNTN

(Get Free Report)

MNTN, Inc is an advertising technology company that provides a software platform for buying, managing and measuring connected television (CTV) advertising. Its platform is designed to help brands use television advertising to drive measurable business outcomes, including customer acquisition, website visits and sales.

MNTN’s services include campaign planning, audience targeting, automated media buying, creative support, attribution and performance reporting. The company combines access to streaming television inventory with tools intended to make television advertising more accessible to growth-focused businesses and advertising agencies.