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

MNTN Inc. (NYSE:MNTN) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.5455.

A number of equities analysts recently commented on the stock. Canaccord Genuity Group set a $20.00 target price on shares of MNTN in a research report on Thursday, December 4th. Susquehanna reduced their price objective on MNTN from $38.00 to $20.00 and set a “positive” rating on the stock in a research note on Wednesday, February 11th. Zacks Research downgraded MNTN from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen raised MNTN from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Tigress Financial dropped their target price on MNTN from $36.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd.

Institutional Investors Weigh In On MNTN

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

MNTN Price Performance

Shares of NYSE MNTN opened at $9.75 on Wednesday. The stock has a market capitalization of $720.23 million and a P/E ratio of -6.29. MNTN has a one year low of $7.71 and a one year high of $32.49. The firm’s 50 day simple moving average is $10.11 and its two-hundred day simple moving average is $13.60.

MNTN (NYSE:MNTN) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. MNTN had a negative net margin of 2.22% and a positive return on equity of 9.51%. The firm had revenue of $87.10 million during the quarter, compared to analyst estimates of $86.18 million. The firm’s revenue was up 24.8% on a year-over-year basis.

MNTN Company Profile

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.