MNTN (NYSE:MNTN) Reaches New 52-Week Low Following Weak Earnings

Key Points

• MNTN shares plunged about 55% to a new 52-week low, falling to $4.61 after the company’s earnings announcement.
• Quarterly EPS of $0.10 and revenue of $80.25 million both missed analyst estimates, although revenue grew 14.6% year over year.
• MNTN forecast fourth-quarter revenue of $75 million–$78 million amid sales-force disruption and a new CEO’s go-to-market reset; analyst responses were mixed, with several firms lowering ratings.

MNTN Inc. (NYSE:MNTN - Get Free Report) hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $4.61 and last traded at $4.6650, with a volume of 10,496,311 shares. The stock had previously closed at $10.37.

The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.10). The company had revenue of $80.25 million during the quarter, compared to analysts' expectations of $87.77 million. MNTN had a net margin of 17.81% and a return on equity of 18.46%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share.

MNTN News Summary

Here are the key news stories impacting MNTN this week:

• Positive Sentiment: Revenue increased 14.6% year over year to $80.25 million, indicating continued growth, though it fell short of analysts’ expectations. MNTN Reports Third Quarter 2026 Results
• Neutral Sentiment: Analyst actions were mixed: Susquehanna cut its price target to $12 but kept a positive rating, while Evercore, Raymond James and Citizens JMP lowered their ratings. Susquehanna Analyst Update
• Negative Sentiment: Third-quarter adjusted earnings of $0.10 per share and revenue of $80.25 million both missed consensus estimates. MNTN also forecast fourth-quarter revenue of $75 million–$78 million as its new CEO pursues a go-to-market reset. MNTN Q4 Outlook and Go-to-Market Reset
• Negative Sentiment: Management cited sales-force disruption and attrition, raising concerns about customer acquisition and future growth. The disclosures prompted law firms to investigate potential securities claims; these are investigations, not findings of wrongdoing. Kehoe Law Firm Investigation Announcement

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citizens Jmp lowered shares of MNTN from a "market outperform" rating to a "market perform" rating in a report on Thursday. Wall Street Zen raised MNTN from a "hold" rating to a "buy" rating in a research report on Monday, September 28th. Weiss Ratings upgraded MNTN from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Freedom Broker assumed coverage on MNTN in a research report on Tuesday. They set a "buy" rating and a $16.50 price target for the company. Finally, Morgan Stanley set a $16.00 price objective on MNTN in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.30.

Insider Activity

In other MNTN news, major shareholder Baroda Ventures Llc sold 275,115 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total value of $3,507,716.25. Following the completion of the sale, the insider owned 6,375,543 shares in the company, valued at approximately $81,288,173.25. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 335,555 shares of company stock worth $4,266,038 over the last 90 days. Company insiders own 19.60% of the company's stock.

Institutional Trading of MNTN

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of MNTN in the 3rd quarter worth approximately $26,000. Y Intercept Hong Kong Ltd purchased a new position in MNTN in the 1st quarter valued at about $117,000. Chicago Partners Investment Group LLC acquired a new stake in MNTN during the first quarter worth approximately $156,000. Hsbc Holdings PLC raised its holdings in MNTN by 45.4% in the 1st quarter. Hsbc Holdings PLC now owns 18,311 shares of the company's stock valued at $161,000 after acquiring an additional 5,720 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of MNTN during the 1st quarter worth $162,000. 72.90% of the stock is owned by institutional investors and hedge funds.

MNTN Trading Down 55.0%

The business has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $9.94. The company has a market cap of $288.72 million, a PE ratio of 13.83 and a beta of 1.17.

MNTN Company Profile

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.

The company's products support campaign creation, audience targeting, media buying and analytics across streaming television environments.

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