MNTN (NYSE:MNTN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MNTN (NYSE:MNTN) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Several other research firms also recently weighed in on MNTN. Morgan Stanley dropped their price target on MNTN from $20.50 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Tigress Financial reissued a “strong-buy” rating and issued a $26.00 target price on shares of MNTN in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 target price on shares of MNTN in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group decreased their price target on shares of MNTN from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MNTN presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.85.

MNTN Stock Down 3.1%

NYSE:MNTN opened at $8.55 on Monday. The business’s 50-day simple moving average is $9.23 and its two-hundred day simple moving average is $9.60. MNTN has a 52 week low of $7.67 and a 52 week high of $32.00. The stock has a market cap of $521.76 million, a PE ratio of -285.07 and a beta of 0.81.

MNTN (NYSE:MNTN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $73.70 million during the quarter, compared to the consensus estimate of $72.63 million. MNTN had a return on equity of 16.44% and a net margin of 7.84%.The business’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned ($1.41) EPS. Sell-side analysts anticipate that MNTN will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MNTN

Institutional investors have recently bought and sold shares of the business. Mercato Management Legacy LLC bought a new stake in shares of MNTN in the 1st quarter worth about $54,279,000. Mercato Partners Growth Iii GP LLC purchased a new position in MNTN in the fourth quarter worth about $73,646,000. Wellington Management Group LLP grew its position in MNTN by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 5,730,723 shares of the company’s stock worth $68,425,000 after acquiring an additional 385,421 shares in the last quarter. Bienville Capital Management LLC raised its position in MNTN by 49.4% during the fourth quarter. Bienville Capital Management LLC now owns 919,052 shares of the company’s stock valued at $10,973,000 after purchasing an additional 303,905 shares during the period. Finally, Federated Hermes Inc. raised its position in MNTN by 4.6% during the fourth quarter. Federated Hermes Inc. now owns 680,000 shares of the company’s stock valued at $8,119,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 72.90% of the company’s stock.

MNTN Company Profile

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.