MNTN (NYSE:MNTN) Shares Down 1.6% - Should You Sell?

Key Points

• MNTN Inc. shares fell by 1.6%, trading between $20.33 and $20.78, with approximately 979,760 shares traded, 20% higher than the average daily volume.
• Multiple analysts have recently raised their price targets for MNTN, with a consensus target price of $30.70, indicating a generally positive outlook despite the recent decline in stock price.
• The company reported a quarterly revenue of $68.46 million, exceeding estimates, but missed earnings expectations, posting ($0.08) EPS compared to the consensus estimate of ($0.06).

MNTN Inc. (NYSE:MNTN - Get Free Report)'s stock price dropped 1.6% on Tuesday . The stock traded as low as $20.33 and last traded at $20.78. Approximately 979,760 shares changed hands during trading, an increase of 20% from the average daily volume of 819,501 shares. The stock had previously closed at $21.13.

Wall Street Analysts Forecast Growth

MNTN has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of MNTN from $27.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Needham & Company LLC upped their price objective on MNTN from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised MNTN to a "hold" rating in a research report on Monday, June 2nd. Citigroup started coverage on shares of MNTN in a report on Monday, June 16th. They issued a "neutral" rating and a $22.00 price objective on the stock. Finally, Susquehanna started coverage on shares of MNTN in a research note on Monday, June 16th. They issued a "positive" rating and a $38.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, MNTN presently has an average rating of "Buy" and a consensus target price of $30.70.

MNTN Stock Down 0.0%

The business's 50 day simple moving average is $23.94.

MNTN (NYSE:MNTN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 quarterly revenue was up 25.0% compared to the same quarter last year. MNTN has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

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