MNTN (NYSE:MNTN) Stock Price Down 6.9% - Time to Sell?

Key Points

• MNTN Inc. (NYSE:MNTN) experienced a significant drop of 6.9% in its stock price during mid-day trading, closing at $18.94 after reaching a low of $19.53.
• Recent analyst reports show a mix of ratings with two analysts giving a Strong Buy rating and an average target price of $30.70.
• In its latest earnings report, MNTN reported a quarter EBITDA loss of ($0.08) per share, missing estimates, despite a revenue increase of 25% year-over-year to $68.46 million.

MNTN Inc. (NYSE:MNTN - Get Free Report) traded down 6.9% during mid-day trading on Tuesday . The company traded as low as $19.53 and last traded at $18.94. 244,250 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 740,750 shares. The stock had previously closed at $20.35.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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 for the company. Raymond James Financial assumed coverage on shares of MNTN in a research report on Monday, June 16th. They set an "outperform" rating and a $27.00 price objective for the company. Tigress Financial raised shares of MNTN from a "buy" rating to a "strong-buy" rating and raised their price objective for the stock from $28.00 to $36.00 in a research report on Monday, August 11th. Evercore ISI raised their price objective on shares of MNTN from $27.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, JMP Securities lifted their price target on shares of MNTN from $30.00 to $33.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $30.70.

MNTN Trading Down 11.0%

The stock's 50-day simple moving average is $23.44.

MNTN (NYSE:MNTN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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. The company's revenue 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

Hedge funds have recently made changes to their positions in the business. BCS Private Wealth Management Inc. bought a new stake in shares of MNTN during the 2nd quarter worth $209,000. State of Tennessee Department of Treasury bought a new stake in shares of MNTN during the 2nd quarter worth $223,000. Claro Advisors LLC bought a new stake in shares of MNTN during the 2nd quarter worth $336,000. Oxford Asset Management LLP bought a new stake in shares of MNTN during the 2nd quarter worth $487,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of MNTN during the 2nd quarter worth $492,000. 72.90% of the stock is currently owned by institutional investors.

About MNTN

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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