Citigroup started coverage on shares of MNTN (NYSE:MNTN – Free Report) in a research note published on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $22.00 target price on the stock.
Separately, Wall Street Zen raised MNTN to a “hold” rating in a report on Monday, June 2nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.56.
MNTN Stock Up 6.7%
Insider Transactions at MNTN
In related news, CEO Mark Steven Douglas sold 900,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $14,400,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Patrick Pohlen sold 255,232 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $4,083,712.00. Following the sale, the chief financial officer now directly owns 1,319,489 shares of the company’s stock, valued at approximately $21,111,824. This trade represents a 16.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,955,232 shares of company stock worth $31,283,712 in the last three months. 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.
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