33,406 Shares in MNTN Inc. $MNTN Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc acquired 33,406 shares of MNTN Inc., investing approximately $731,000 in the second quarter, indicating institutional interest in the company.
• MNTN Inc. reported a quarterly earnings miss with EPS at ($0.08), below the consensus estimate of ($0.06), but revenue grew by 25% year-over-year to $68.46 million.
• Equities analysts have a consensus rating of "Moderate Buy" for MNTN, with target prices ranging from $25 to $39, reflecting a generally positive outlook on the stock.

TD Asset Management Inc bought a new position in MNTN Inc. (NYSE:MNTN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,406 shares of the company's stock, valued at approximately $731,000.

Separately, Concurrent Investment Advisors LLC purchased a new position in MNTN in the 2nd quarter worth $492,000. 72.90% of the stock is owned by institutional investors.

MNTN Stock Performance

NYSE:MNTN opened at $15.65 on Thursday. MNTN Inc. has a 52 week low of $14.71 and a 52 week high of $32.49. The company's 50-day simple moving average is $19.09.

MNTN (NYSE:MNTN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $68.46 million during the quarter, compared to the consensus estimate of $64.54 million. The business's revenue was up 25.0% compared to the same quarter last year. MNTN has set its Q3 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MNTN shares. Needham & Company LLC raised their target price on MNTN from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JMP Securities lifted their price objective on MNTN from $30.00 to $33.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Tigress Financial upgraded MNTN from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $28.00 to $36.00 in a research note on Monday, August 11th. Weiss Ratings reiterated a "sell (d)" rating on shares of MNTN in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their price objective on MNTN from $27.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.70.

MNTN Company Profile

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.

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