Militia Capital Management LLC Takes Position in MNTN Inc. $MNTN

Militia Capital Management LLC acquired a new stake in shares of MNTN Inc. (NYSE:MNTN) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 268,387 shares of the company’s stock, valued at approximately $2,362,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in MNTN in the fourth quarter valued at about $43,000. Los Angeles Capital Management LLC bought a new stake in shares of MNTN during the fourth quarter worth about $53,000. Royal Bank of Canada increased its stake in shares of MNTN by 2,093.6% in the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after buying an additional 5,590 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of MNTN in the third quarter valued at approximately $86,000. Finally, Barclays PLC raised its holdings in MNTN by 2,341.4% in the 4th quarter. Barclays PLC now owns 9,326 shares of the company’s stock valued at $111,000 after buying an additional 8,944 shares during the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

MNTN Stock Performance

MNTN stock opened at $9.21 on Monday. The firm has a market cap of $562.21 million, a price-to-earnings ratio of -307.17 and a beta of 0.71. MNTN Inc. has a 52-week low of $7.67 and a 52-week high of $32.00. The firm has a 50 day moving average price of $9.38 and a two-hundred day moving average price of $9.45.

MNTN (NYSE:MNTN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). MNTN had a net margin of 7.84% and a return on equity of 16.44%. The firm had revenue of $73.70 million during the quarter, compared to the consensus estimate of $72.63 million. During the same period in the prior year, the company posted ($1.41) earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that MNTN Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MNTN. Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Tigress Financial reiterated a “strong-buy” rating and set a $26.00 price target on shares of MNTN in a report on Wednesday, June 3rd. Canaccord Genuity Group reduced their price objective 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. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 target price on shares of MNTN in a research report on Wednesday, May 6th. Finally, Morgan Stanley cut their target price on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.85.

About MNTN

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.