MNTN (NYSE:MNTN) Hits New 1-Year Low - Time to Sell?

Key Points

• MNTN Inc. shares hit a new **52-week low** at $17.18, indicating a significant decline, as they traded down **5.3%** from the previous close of $18.16.
• Analysts have mixed opinions on MNTN, with two giving it a **Strong Buy** rating and an average price target of **$30.70**, while Weiss Ratings has restated a **"sell" rating**.
• The company reported a revenue increase of **25% year-over-year** despite missing earnings expectations, leading analysts to adjust their price objectives for the stock.

MNTN Inc. (NYSE:MNTN - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $17.18 and last traded at $17.35, with a volume of 228346 shares changing hands. The stock had previously closed at $18.16.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings restated a "sell (d)" rating on shares of MNTN in a research note on Saturday, September 27th. Susquehanna began coverage on shares of MNTN in a report on Monday, June 16th. They issued a "positive" rating and a $38.00 price target on the stock. Tigress Financial raised shares of MNTN from a "buy" rating to a "strong-buy" rating and lifted their price objective for the stock from $28.00 to $36.00 in a report on Monday, August 11th. Needham & Company LLC raised their price objective on MNTN from $25.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Citizens Jmp initiated coverage on MNTN in a research note on Monday, June 16th. They issued a "strong-buy" rating and a $23.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.70.

MNTN Trading Down 5.3%

The business's fifty day simple moving average is $21.54.

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

Hedge Funds Weigh In On MNTN

A number of institutional investors have recently added to or reduced their stakes in MNTN. BCS Private Wealth Management Inc. purchased a new stake in shares of MNTN in the 2nd quarter worth about $209,000. State of Tennessee Department of Treasury bought a new stake in shares of MNTN in the 2nd quarter worth approximately $223,000. Claro Advisors LLC purchased a new stake in shares of MNTN in the 2nd quarter worth approximately $336,000. Oxford Asset Management LLP bought a new stake in MNTN in the second quarter worth $487,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of MNTN during the second quarter valued at $492,000. Institutional investors 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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