MNTN (NYSE:MNTN) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• MNTN has received a "Sell (D)" rating from Weiss Ratings, indicating potential concerns about the stock's performance.
• Despite the negative review from Weiss, various brokerages have given MNTN a range of ratings, with two analysts issuing a Strong Buy and a consensus price target of $30.70.
• MNTN reported a revenue increase of 25% year-over-year for its latest quarter, although it missed earnings expectations by $0.02 per share.

MNTN (NYSE:MNTN - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on MNTN. Susquehanna started coverage on MNTN in a report on Monday, June 16th. They issued a "positive" rating and a $38.00 price objective for the company. Morgan Stanley upped their target price on MNTN from $20.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Tigress Financial upgraded MNTN from a "buy" rating to a "strong-buy" rating and upped their target price for the stock from $28.00 to $36.00 in a research report on Monday, August 11th. JMP Securities upped their target price on MNTN from $30.00 to $33.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC upped their target price on MNTN from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued 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 has an average rating of "Moderate Buy" and a consensus price target of $30.70.

MNTN Price Performance

Shares of MNTN stock opened at $17.48 on Wednesday. MNTN has a 12-month low of $16.93 and a 12-month high of $32.49. The business has a 50 day simple moving average of $21.10.

MNTN (NYSE:MNTN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.08) earnings per share (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 analyst estimates of $64.54 million. MNTN's revenue for the quarter was up 25.0% compared to the same quarter last year. MNTN has set its Q3 2025 guidance at EPS.

Institutional Investors Weigh In On MNTN

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of MNTN during the 2nd quarter valued at $11,482,000. G2 Investment Partners Management LLC acquired a new stake in shares of MNTN during the 2nd quarter valued at $6,996,000. Bank of Montreal Can acquired a new stake in shares of MNTN during the 2nd quarter valued at $4,432,000. Balyasny Asset Management L.P. purchased a new stake in shares of MNTN in the second quarter valued at $3,442,000. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of MNTN in the second quarter valued at $3,170,000. Institutional investors and hedge funds own 72.90% of the company's stock.

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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