MNTN (NYSE:MNTN) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of MNTN (NYSE:MNTN) in a report published on Monday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $20.00 price target on the stock.

MNTN has been the topic of a number of other reports. Needham & Company LLC assumed coverage on MNTN in a research report on Monday. They set a “buy” rating and a $25.00 price objective on the stock. Evercore ISI began coverage on shares of MNTN in a research note on Monday. They set an “outperform” rating and a $27.00 price objective for the company. Citigroup initiated coverage on shares of MNTN in a research note on Monday. They issued a “neutral” rating and a $22.00 target price on the stock. Citizens Jmp began coverage on shares of MNTN in a report on Monday. They set a “strong-buy” rating and a $23.00 price target on the stock. Finally, Wall Street Zen upgraded MNTN to a “hold” rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.56.

MNTN Price Performance

MNTN stock opened at $21.21 on Monday. MNTN has a twelve month low of $11.00 and a twelve month high of $32.49.

Insider Activity at MNTN

In other news, CEO Mark Steven Douglas sold 900,000 shares of the business’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 $14,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick Pohlen sold 255,232 shares of the company’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 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 disclosure for this sale can be found here. Insiders sold 1,955,232 shares of company stock worth $31,283,712 over the last three months. 60.30% of the stock is owned by corporate insiders.

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.