MNTN (NYSE:MNTN) Sees Strong Trading Volume – Here’s Why

MNTN Inc. (NYSE:MNTN) shares saw an uptick in trading volume on Thursday . 1,563,739 shares were traded during trading, an increase of 110% from the previous session’s volume of 743,253 shares.The stock last traded at $14.2450 and had previously closed at $13.65.

Wall Street Analyst Weigh In

MNTN has been the topic of a number of recent analyst reports. Citizens Jmp cut their price target on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Morgan Stanley set a $22.50 price target on shares of MNTN in a research note on Wednesday. Tigress Financial raised shares of MNTN from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $28.00 to $36.00 in a research note on Monday, August 11th. JMP Securities set a $23.00 price target on shares of MNTN in a research note on Wednesday. Finally, Citigroup raised shares of MNTN from a “neutral” rating to a “buy” rating and cut their price target for the stock from $33.00 to $22.00 in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.15.

MNTN Stock Performance

The business has a fifty day simple moving average of $17.96.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $70.02 million during the quarter, compared to the consensus estimate of $70.11 million. The company’s revenue was up 22.6% on a year-over-year basis. MNTN has set its Q4 2025 guidance at EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of MNTN in the third quarter worth approximately $54,000. AMH Equity Ltd purchased a new position in MNTN during the third quarter valued at approximately $186,000. BCS Private Wealth Management Inc. acquired a new position in shares of MNTN during the 2nd quarter worth $209,000. State of Tennessee Department of Treasury bought a new position in shares of MNTN during the 2nd quarter valued at $223,000. Finally, Claro Advisors LLC bought a new position in shares of MNTN during the 2nd quarter valued at $336,000. 72.90% of the stock is owned by hedge funds and other institutional investors.

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.