MNTN (NYSE:MNTN) Stock Gets Downgrade from Citizens Jmp

Key Points

• Citizens JMP downgraded MNTN from “outperform” to “market perform”; Raymond James also lowered its rating to “market perform.” Analysts’ consensus rating is “hold,” with an average price target of $18.50.
• MNTN reported quarterly EPS of $0.10, missing the $0.20 consensus estimate, and revenue of $80.25 million, below analysts’ $87.77 million estimate. Revenue nevertheless rose 14.6% year over year.
• A reported cut to company guidance following go-to-market issues adds near-term pressure on the stock, despite year-over-year revenue growth.

MNTN (NYSE:MNTN - Get Free Report) was downgraded by equities researchers at Citizens Jmp from an "outperform" rating to a "market perform" rating in a research note issued to investors on Thursday, Briefing.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings upgraded MNTN from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Raymond James Financial lowered shares of MNTN from an "outperform" rating to a "market perform" rating in a research note on Thursday. Morgan Stanley set a $16.00 target price on shares of MNTN in a report on Monday, August 10th. Freedom Broker initiated coverage on shares of MNTN in a research report on Tuesday. They issued a "buy" rating and a $16.50 price target on the stock. Finally, Wall Street Zen raised shares of MNTN from a "hold" rating to a "buy" rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.50.

MNTN Stock Up 6.9%

NYSE:MNTN opened at $10.40 on Thursday. The business's 50 day moving average is $10.87 and its two-hundred day moving average is $9.97. MNTN has a 52 week low of $7.67 and a 52 week high of $14.98. The company has a market cap of $643.93 million, a PE ratio of 14.65 and a beta of 1.17.

MNTN (NYSE:MNTN - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). MNTN had a return on equity of 18.85% and a net margin of 18.00%. The firm had revenue of $80.25 million during the quarter, compared to analyst estimates of $87.77 million. During the same quarter in the previous year, the business posted $0.08 EPS. MNTN's revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that MNTN will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other MNTN 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 sale, the insider directly owned 6,375,543 shares of the company's stock, valued at $81,288,173.25. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 335,555 shares of company stock valued at $4,266,038 over the last quarter. 19.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MNTN

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mercato Management Legacy LLC bought a new stake in MNTN in the 1st quarter valued at about $54,279,000. Militia Capital Management LLC acquired a new position in MNTN during the 1st quarter valued at about $2,362,000. Renaissance Technologies LLC boosted its stake in MNTN by 40.7% during the 1st quarter. Renaissance Technologies LLC now owns 646,217 shares of the company's stock valued at $5,687,000 after purchasing an additional 187,028 shares during the period. One Way Holdings LLC bought a new position in MNTN in the 3rd quarter worth about $1,122,000. Finally, Pacer Advisors Inc. bought a new position in MNTN in the 1st quarter worth about $771,000. Institutional investors and hedge funds own 72.90% of the company's stock.

Key Stories Impacting MNTN

Here are the key news stories impacting MNTN this week:

• Positive Sentiment: Revenue increased 14.6% year over year, and earnings per share rose to $0.10 from $0.08 a year earlier. MNTN Reports Third Quarter 2026 Results
• Negative Sentiment: Quarterly EPS of $0.10 fell short of analyst estimates, reported as $0.20 to $0.25 per share in the articles. The earnings miss may weigh on investor sentiment despite revenue growth. MNTN Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: MNTN cut its guidance after go-to-market issues, prompting a sharp negative reaction in shares. The outlook cut is the clearest near-term pressure on the stock. MNTN Shares Plummet as Go-to-Market Issues Prompt Guidance Cut

About MNTN

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.

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