MNTN (NYSE:MNTN) Trading Down 5.5% - Should You Sell?

Key Points

• MNTN Inc. shares fell by 5.5%, trading between $21.32 and $21.73, with a significant drop in trading volume compared to its average daily volume.
• Recent analyst coverage includes a "positive" rating from Susquehanna, targeting $38.00, while Citigroup assigned a "neutral" rating with a target of $22.00, contributing to a consensus rating of "Buy" with a target price of $30.70.
• The company reported quarterly earnings of ($0.08) per share, missing estimates, but achieved a revenue increase of 25% year-over-year, amounting to $68.46 million.

MNTN Inc. (NYSE:MNTN - Get Free Report)'s stock price dropped 5.5% during mid-day trading on Monday . The company traded as low as $21.32 and last traded at $21.73. Approximately 185,441 shares were traded during trading, a decline of 76% from the average daily volume of 764,926 shares. The stock had previously closed at $23.00.

Analyst Upgrades and Downgrades

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

MNTN Stock Down 7.0%

The stock's 50-day moving average is $23.96.

MNTN (NYSE:MNTN - Get Free Report) last posted 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 Inflows and Outflows

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.