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

Key Points

• MNTN Inc. has received a consensus rating of "Buy" from ten brokerages, with six recommending a buy and two a strong buy.
• The average twelve-month price objective set by analysts for MNTN stock is $30.70, following upward revisions from firms like Tigress Financial and Needham & Company.
• MNTN's stock performance includes a 12-month low of $18.25 and a high of $32.49, while the company reported a revenue increase of 25% year-over-year, despite missing EPS estimates.

MNTN Inc. (NYSE:MNTN - Get Free Report) has been assigned a consensus rating of "Buy" from the ten ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.70.

Several research analysts have recently issued reports on MNTN shares. Tigress Financial raised shares of MNTN from a "buy" rating to a "strong-buy" rating and raised their target price for the company from $28.00 to $36.00 in a research note on Monday, August 11th. Needham & Company LLC raised their target price on shares of MNTN from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of MNTN to a "hold" rating in a research note on Monday, June 2nd. Raymond James Financial started coverage on shares of MNTN in a research note on Monday, June 16th. They issued an "outperform" rating and a $27.00 target price on the stock. Finally, Citigroup started coverage on shares of MNTN in a research note on Monday, June 16th. They issued a "neutral" rating and a $22.00 target price on the stock.

MNTN Stock Performance

Shares of NYSE:MNTN opened at $20.40 on Friday. MNTN has a 12 month low of $18.25 and a 12 month high of $32.49. The stock's 50-day moving average is $23.94.

MNTN (NYSE:MNTN - Get Free Report) last issued its earnings results 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 firm had revenue of $68.46 million for the quarter, compared to the consensus estimate of $64.54 million. The business's revenue for the quarter was up 25.0% on a year-over-year basis. MNTN has set its Q3 2025 guidance at EPS.

Institutional Trading of MNTN

A number of hedge funds have recently modified their holdings of MNTN. Concurrent Investment Advisors LLC acquired a new stake in shares of MNTN in the 2nd quarter valued at approximately $492,000. TD Asset Management Inc acquired a new stake in shares of MNTN in the 2nd quarter valued at approximately $731,000. Bank of Montreal Can acquired a new stake in shares of MNTN in the 2nd quarter valued at approximately $4,432,000. Claro Advisors LLC acquired a new stake in shares of MNTN in the 2nd quarter valued at approximately $336,000. Finally, HBK Investments L P acquired a new stake in shares of MNTN in the 2nd quarter valued at approximately $2,187,000. 72.90% of the stock is currently owned by institutional investors and hedge funds.

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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