MNTN (NYSE:MNTN) Stock Price Up 6% - Still a Buy?

Key Points

• MNTN Inc. stock rose by **6%**, closing at **$16.04**, despite a significant drop in trading volume.
• Brokerage firms generally favor MNTN, with several analysts raising their price targets, resulting in an average rating of **"Moderate Buy"** and a consensus target of **$30.70**.
• In their latest earnings report, MNTN posted a revenue of **$68.46 million**, exceeding expectations, although it missed EPS estimates.

MNTN Inc. (NYSE:MNTN - Get Free Report)'s share price traded up 6% during trading on Tuesday . The stock traded as high as $15.85 and last traded at $16.04. 157,018 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 703,606 shares. The stock had previously closed at $15.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MNTN. Weiss Ratings reissued a "sell (d)" rating on shares of MNTN in a research report on Wednesday, October 8th. Needham & Company LLC increased their price target on shares of MNTN from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Tigress Financial upgraded shares of MNTN from a "buy" rating to a "strong-buy" rating and raised their target price for the stock from $28.00 to $36.00 in a research report on Monday, August 11th. Morgan Stanley increased their price target on MNTN from $20.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, JMP Securities raised their target price on MNTN from $30.00 to $33.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.70.

MNTN Price Performance

The company's fifty day moving average is $19.37.

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

Institutional Trading of MNTN

Hedge funds have recently added to or reduced their stakes in the business. BCS Private Wealth Management Inc. acquired a new position in shares of MNTN in the 2nd quarter worth approximately $209,000. State of Tennessee Department of Treasury bought a new position in shares of MNTN in the 2nd quarter worth $223,000. Claro Advisors LLC bought a new position in shares of MNTN in the 2nd quarter worth $336,000. Oxford Asset Management LLP bought a new position in MNTN during the second quarter worth about $487,000. Finally, Concurrent Investment Advisors LLC bought a new position in MNTN during the second quarter worth about $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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