MNTN (NYSE:MNTN) Sets New 12-Month Low - Here's Why

Key Points

• Shares of MNTN Inc. reached a new 52-week low at $15.58, down from a previous close of $16.06, with significant trading volume of 37,743 shares.
• Despite the drop, analysts have mixed reviews, with Loop Capital issuing a "buy" rating and a price target of $29.00, while Weiss Ratings reiterated a "sell" rating.
• The company reported a 25.0% increase in revenue year-over-year, although it missed earnings expectations by $0.02 with an EPS of ($0.08).

Shares of MNTN Inc. (NYSE:MNTN - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $15.80 and last traded at $15.58, with a volume of 37743 shares traded. The stock had previously closed at $16.06.

Analyst Upgrades and Downgrades

MNTN has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on MNTN in a research report on Monday, June 16th. They issued a "buy" rating and a $29.00 price objective on the stock. Morgan Stanley lifted their price objective on MNTN from $20.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d)" rating on shares of MNTN in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price target on MNTN from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial began coverage on MNTN in a research report on Monday, June 16th. They set an "outperform" rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.70.

MNTN Stock Down 2.5%

The company's 50-day moving average is $20.65.

MNTN (NYSE:MNTN - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $64.54 million. MNTN's revenue was up 25.0% on a year-over-year basis. MNTN has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BCS Private Wealth Management Inc. purchased a new position in shares of MNTN in the second quarter worth $209,000. State of Tennessee Department of Treasury purchased a new position in shares of MNTN in the second quarter worth $223,000. Claro Advisors LLC purchased a new position in shares of MNTN in the second quarter worth $336,000. Oxford Asset Management LLP purchased a new position in shares of MNTN in the second quarter worth $487,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of MNTN in the second quarter worth $492,000. Hedge funds and other 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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