MNTN (NYSE:MNTN) Now Covered by Analysts at Susquehanna

Equities research analysts at Susquehanna initiated coverage on shares of MNTN (NYSE:MNTN) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “positive” rating and a $38.00 price target on the stock. Susquehanna’s price target would suggest a potential upside of 107.03% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on MNTN. Citizens Jmp assumed coverage on shares of MNTN in a research note on Monday. They issued an “outperform” rating and a $23.00 price objective for the company. Morgan Stanley started coverage on shares of MNTN in a research note on Monday. They issued an “equal weight” rating and a $20.00 price target for the company. Evercore ISI started coverage on MNTN in a research note on Monday. They set an “outperform” rating and a $27.00 price objective on the stock. Citigroup assumed coverage on MNTN in a research note on Monday. They issued a “neutral” rating and a $22.00 target price for the company. Finally, Wall Street Zen upgraded MNTN to a “hold” rating in a research report on Monday, June 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.38.

MNTN Stock Down 7.8%

NYSE:MNTN opened at $18.36 on Monday. MNTN has a 1-year low of $11.00 and a 1-year high of $32.49.

Insider Transactions at MNTN

In related news, CFO Patrick Pohlen sold 255,232 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $4,083,712.00. Following the completion of the sale, the chief financial officer now owns 1,319,489 shares of the company’s stock, valued at $21,111,824. This trade represents a 16.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Steven Douglas sold 900,000 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $14,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,955,232 shares of company stock worth $31,283,712. Company insiders own 60.30% of the company’s stock.

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.