MNTN (NYSE:MNTN) Reaches New 1-Year Low Following Weak Earnings

MNTN Inc. (NYSE:MNTN) shares hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $4.61 and last traded at $4.6650, with a volume of 10,496,311 shares trading hands. The stock had previously closed at $10.37.

The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). MNTN had a return on equity of 18.46% and a net margin of 17.81%. The company had revenue of $80.25 million for the quarter, compared to analysts’ expectations of $87.77 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis.

Key Headlines Impacting MNTN

Here are the key news stories impacting MNTN this week:

• Positive Sentiment: Revenue increased 14.6% year over year to $80.25 million, indicating continued growth, though it fell short of analysts’ expectations. MNTN Reports Third Quarter 2026 Results
• Neutral Sentiment: Analyst actions were mixed: Susquehanna cut its price target to $12 but kept a positive rating, while Evercore, Raymond James and Citizens JMP lowered their ratings. Susquehanna Analyst Update
• Negative Sentiment: Third-quarter adjusted earnings of $0.10 per share and revenue of $80.25 million both missed consensus estimates. MNTN also forecast fourth-quarter revenue of $75 million–$78 million as its new CEO pursues a go-to-market reset. MNTN Q4 Outlook and Go-to-Market Reset
• Negative Sentiment: Management cited sales-force disruption and attrition, raising concerns about customer acquisition and future growth. The disclosures prompted law firms to investigate potential securities claims; these are investigations, not findings of wrongdoing. Kehoe Law Firm Investigation Announcement

Wall Street Analyst Weigh In

A number of research firms have recently commented on MNTN. Susquehanna dropped their price objective on MNTN from $20.00 to $12.00 and set a “positive” rating for the company in a report on Thursday. Wall Street Zen upgraded MNTN from a “hold” rating to a “buy” rating in a report on Monday, September 28th. Morgan Stanley set a $16.00 target price on MNTN in a report on Monday, August 10th. Tigress Financial dropped their price target on MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded MNTN from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MNTN currently has an average rating of “Hold” and an average price target of $15.30.

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 shares were sold at an average price of $12.75, for a total value of $3,507,716.25. Following the completion of the sale, the insider owned 6,375,543 shares of the company’s stock, valued at $81,288,173.25. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 335,555 shares of company stock worth $4,266,038 in the last ninety days. 19.60% of the stock is owned by insiders.

Institutional Trading of MNTN

A number of institutional investors have recently added to or reduced their stakes in the business. Mercato Management Legacy LLC acquired a new stake in MNTN in the 1st quarter valued at $54,279,000. Renaissance Technologies LLC lifted its stake in shares of 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. Militia Capital Management LLC acquired a new position in shares of MNTN during the first quarter worth about $2,362,000. Zazove Associates LLC boosted its position in shares of MNTN by 18.7% in the first quarter. Zazove Associates LLC now owns 150,322 shares of the company’s stock worth $1,323,000 after buying an additional 23,721 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of MNTN by 95.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 145,491 shares of the company’s stock valued at $1,280,000 after buying an additional 71,114 shares in the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.

MNTN Stock Down 55.0%

The firm has a market cap of $288.72 million, a price-to-earnings ratio of 13.83 and a beta of 1.17. The business has a 50 day moving average price of $10.70 and a 200-day moving average price of $9.94.

MNTN Company Profile

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.

The company’s products support campaign creation, audience targeting, media buying and analytics across streaming television environments.