Concurrent Investment Advisors LLC Takes Position in MNTN Inc. $MNTN

Key Points

• Concurrent Investment Advisors LLC has acquired a new stake in MNTN Inc., purchasing 22,500 shares valued at around $492,000 in the second quarter.
• MNTN's stock has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $30.70, despite a recent "sell" rating issued by Weiss Ratings.
• For Q2, MNTN reported revenue of $68.46 million, exceeding expectations, but missed EPS estimates with a loss of ($0.08) per share.

Concurrent Investment Advisors LLC purchased a new stake in MNTN Inc. (NYSE:MNTN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,500 shares of the company's stock, valued at approximately $492,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of MNTN in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on MNTN from $20.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. JMP Securities upped their price target on MNTN from $30.00 to $33.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Evercore ISI raised their price objective on MNTN from $27.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Tigress Financial upgraded MNTN from a "buy" rating to a "strong-buy" rating and boosted their target price for the stock from $28.00 to $36.00 in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MNTN currently has a consensus rating of "Moderate Buy" and an average price target of $30.70.

MNTN Trading Down 0.3%

MNTN stock opened at $15.01 on Friday. MNTN Inc. has a 12-month low of $14.71 and a 12-month high of $32.49. The business's fifty day moving average price is $19.52.

MNTN (NYSE:MNTN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The company had revenue of $68.46 million during the quarter, compared to analysts' expectations of $64.54 million. The firm's quarterly revenue was up 25.0% on a year-over-year basis. MNTN has set its Q3 2025 guidance at EPS.

MNTN 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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