MNTN Inc. (NYSE:MNTN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• MNTN has a “Moderate Buy” consensus rating from 12 analysts, with eight buys, two holds, one sell and one strong buy. The average 12-month price target is $18.65, versus a recent share price of $12.77.
• The company’s latest quarterly revenue rose 20.5% year over year to $82.54 million, slightly exceeding estimates, but EPS of $0.09 missed the $0.19 consensus forecast.
• Insiders have sold approximately $4.27 million of stock over the past three months, while institutional investors own 72.9% of MNTN’s outstanding shares.

MNTN Inc. (NYSE:MNTN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.65.

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of MNTN from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of MNTN from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Morgan Stanley set a $16.00 target price on shares of MNTN in a research note on Monday, August 10th. Evercore set a $22.00 price objective on MNTN in a report on Wednesday, August 5th. Finally, Citigroup decreased their target price on MNTN from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th.

MNTN Stock Down 1.4%

NYSE:MNTN opened at $12.77 on Wednesday. MNTN has a 52 week low of $7.67 and a 52 week high of $20.86. The stock's 50-day moving average price is $11.17 and its 200-day moving average price is $9.89. The stock has a market capitalization of $790.46 million, a PE ratio of 17.99 and a beta of 0.94.

MNTN (NYSE:MNTN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.10). The business had revenue of $82.54 million for the quarter, compared to analysts' expectations of $82.34 million. MNTN had a return on equity of 18.85% and a net margin of 18.00%.The business's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.65) EPS. Sell-side analysts expect that MNTN will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 335,555 shares of company stock valued at $4,266,038. 19.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MNTN

A number of large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of MNTN in the fourth quarter worth about $43,000. Los Angeles Capital Management LLC purchased a new stake in MNTN during the 4th quarter valued at about $53,000. California State Teachers Retirement System purchased a new stake in MNTN during the 2nd quarter valued at about $55,000. Royal Bank of Canada raised its holdings in MNTN by 2,093.6% in the 4th quarter. Royal Bank of Canada now owns 5,857 shares of the company's stock valued at $70,000 after acquiring an additional 5,590 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in MNTN in the 3rd quarter worth approximately $86,000. 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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