MNTN Inc. (NYSE:MNTN - Get Free Report) major shareholder Baroda Ventures Llc sold 26,823 shares of MNTN stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $12.53, for a total transaction of $336,092.19. Following the transaction, the insider directly owned 6,684,275 shares of the company's stock, valued at $83,753,965.75. This represents a 0.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Baroda Ventures Llc also recently made the following trade(s):
- On Friday, August 14th, Baroda Ventures Llc sold 33,617 shares of MNTN stock. The shares were sold at an average price of $12.56, for a total transaction of $422,229.52.
MNTN Trading Down 0.6%
Shares of MNTN stock opened at $12.45 on Tuesday. The business has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $9.50. MNTN Inc. has a 1-year low of $7.67 and a 1-year high of $23.25. The company has a market cap of $770.57 million, a P/E ratio of 17.54 and a beta of 0.71.
MNTN (NYSE:MNTN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.10). MNTN had a net margin of 18.00% and a return on equity of 18.85%. The business had revenue of $82.54 million during the quarter, compared to analyst estimates of $82.34 million. During the same period in the prior year, the firm earned ($0.65) earnings per share. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts forecast that MNTN Inc. will post 0.87 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on MNTN. Morgan Stanley set a $16.00 price target on MNTN in a report on Monday, August 10th. Citizens Jmp dropped their target price on shares of MNTN from $23.00 to $19.00 and set a "market outperform" rating on the stock in a research report on Wednesday, May 6th. Citigroup cut their target price on shares of MNTN from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Evercore set a $22.00 price target on shares of MNTN in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of MNTN from a "buy" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MNTN currently has an average rating of "Moderate Buy" and a consensus price target of $18.65.
View Our Latest Research Report on MNTN
Institutional Investors Weigh In On MNTN
Hedge funds and other institutional investors have recently modified their holdings of the company. Mercato Management Legacy LLC acquired a new position in shares of MNTN during the first quarter worth approximately $54,279,000. Mercato Partners Growth Iii GP LLC bought a new stake in MNTN during the 4th quarter valued at $73,646,000. Wellington Management Group LLP raised its holdings in MNTN by 67.8% during the third quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company's stock worth $99,155,000 after buying an additional 2,159,075 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MNTN by 787.7% in the third quarter. Vanguard Group Inc. now owns 621,392 shares of the company's stock valued at $11,527,000 after buying an additional 551,392 shares in the last quarter. Finally, Mariner LLC acquired a new position in shares of MNTN during the fourth quarter valued at about $4,306,000. Institutional investors own 72.90% of the company's stock.
MNTN Company Profile
(
Get Free Report)
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.
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