MNTN (NYSE:MNTN) Announces Earnings Results

Key Points

• MNTN reported EPS of $0.11, missing estimates by $0.01 while revenue topped expectations at $73.7 million; the company showed a negative net margin (-2.22%) but a positive return on equity (9.51%).
• Stock jumped 7.4% to $11.36 on heavy volume after the report; market cap is about $839 million, the PE is negative (-7.33), and the 52-week range is $7.71–$32.49.
• Analysts are mixed but overall optimistic with a consensus rating of “Moderate Buy” and an average price target of $22.36, while institutional ownership is high at 72.9%.

MNTN (NYSE:MNTN - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01), FiscalAI reports. MNTN had a negative net margin of 2.22% and a positive return on equity of 9.51%. The business had revenue of $73.70 million during the quarter, compared to analyst estimates of $72.63 million.

MNTN Stock Up 7.4%

MNTN stock traded up $0.78 during trading hours on Tuesday, hitting $11.36. The stock had a trading volume of 1,441,756 shares, compared to its average volume of 775,294. The company has a 50-day moving average of $9.51 and a two-hundred day moving average of $11.45. MNTN has a fifty-two week low of $7.71 and a fifty-two week high of $32.49. The company has a market cap of $839.49 million and a PE ratio of -7.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State of Tennessee Department of Treasury acquired a new stake in MNTN during the second quarter worth $223,000. Integrated Wealth Concepts LLC acquired a new position in shares of MNTN in the 3rd quarter valued at $204,000. Aristides Capital LLC bought a new position in shares of MNTN during the 4th quarter worth about $191,000. Hudson Bay Capital Management LP acquired a new stake in shares of MNTN during the 4th quarter valued at about $160,000. Finally, Entropy Technologies LP bought a new stake in MNTN in the fourth quarter valued at about $153,000. 72.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Zacks Research downgraded MNTN from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 30th. Evercore set a $27.00 price target on MNTN in a report on Wednesday, February 11th. Tigress Financial reduced their price objective on MNTN from $36.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Susquehanna dropped their target price on shares of MNTN from $38.00 to $20.00 and set a "positive" rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of MNTN in a report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.36.

MNTN Company Profile

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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