MNTN Inc. (NYSE:MNTN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on MNTN, with eight buy ratings, one strong-buy, two holds and one sell among 12 analysts. The average 12-month price target is $18.65, above the stock’s recent price of $12.55.
• Several firms recently adjusted their targets, including Citizens JMP lowering its target to $19, Tigress Financial to $22, and Citigroup to $16, while maintaining positive ratings.
• Institutional ownership stands at 72.90%, with Wellington Management and Vanguard notably increasing their positions. MNTN shares have traded between $7.67 and $23.25 over the past year.

MNTN Inc. (NYSE:MNTN - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.65.

Several research firms recently issued reports on MNTN. Morgan Stanley set a $16.00 price target on MNTN in a research report on Monday. Citizens Jmp reduced their price target on shares of MNTN from $23.00 to $19.00 and set a "market outperform" rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial reiterated an "outperform" rating and issued a $15.00 price objective on shares of MNTN in a report on Wednesday, May 6th. Tigress Financial decreased their target price on shares of MNTN from $26.00 to $22.00 and set a "strong-buy" rating for the company in a research note on Thursday. Finally, Citigroup lowered their price target on MNTN from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday.

Hedge Funds Weigh In On MNTN

A number of institutional investors and hedge funds have recently made changes to their positions in MNTN. Mercato Management Legacy LLC purchased a new position in MNTN during the first quarter valued at approximately $54,279,000. Mercato Partners Growth Iii GP LLC purchased a new position in shares of MNTN during the fourth quarter valued at about $73,646,000. Wellington Management Group LLP increased its stake in MNTN by 67.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company's stock worth $99,155,000 after acquiring an additional 2,159,075 shares during the last quarter. Vanguard Group Inc. increased its position in MNTN by 787.7% in the third quarter. Vanguard Group Inc. now owns 621,392 shares of the company's stock worth $11,527,000 after purchasing an additional 551,392 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of MNTN during the 4th quarter valued at about $4,306,000. Hedge funds and other institutional investors own 72.90% of the company's stock.

MNTN Price Performance

MNTN stock opened at $12.55 on Friday. The stock has a market cap of $776.70 million, a PE ratio of 17.67 and a beta of 0.71. MNTN has a one year low of $7.67 and a one year high of $23.25. The firm has a 50 day simple moving average of $9.74 and a two-hundred day simple moving average of $9.48.

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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