MNTN Inc. (NYSE:MNTN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of MNTN Inc. (NYSE:MNTN) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $18.65.

A number of equities analysts have recently issued reports on MNTN shares. Citizens Jmp dropped their price target on MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley set a $16.00 price objective on MNTN in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of MNTN in a research note on Wednesday, May 6th. Tigress Financial cut their target price on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings upgraded shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th.

MNTN Trading Up 2.2%

Shares of MNTN opened at $12.55 on Friday. The firm has a fifty day moving average price of $9.74 and a 200-day moving average price of $9.48. The firm has a market capitalization of $776.70 million, a P/E ratio of 17.67 and a beta of 0.71. MNTN has a 12-month low of $7.67 and a 12-month high of $23.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of MNTN during the 4th quarter valued at $43,000. Los Angeles Capital Management LLC acquired a new position in MNTN in the 4th quarter worth approximately $53,000. JPMorgan Chase & Co. purchased a new position in shares of MNTN during the third quarter worth $86,000. Royal Bank of Canada lifted its holdings in shares of MNTN by 2,093.6% in the 4th 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. Finally, Bank of America Corp DE lifted its holdings in MNTN by 622,300.0% in the third quarter. Bank of America Corp DE now owns 6,224 shares of the company’s stock valued at $115,000 after acquiring an additional 6,223 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.