MNTN (NYSE:MNTN) Shares Cross Above 200-Day Moving Average Following Weak Earnings

05 Nov 2026, 05:21 by Danessa Lincoln · The Markets Daily

MNTN Inc. (NYSE:MNTN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday following a better than expected earnings announcement. The stock has a two hundred day moving average of $9.97 and traded as high as $10.74. MNTN shares last traded at $10.4040, with a volume of 1,341,520 shares.

The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). MNTN had a return on equity of 18.85% and a net margin of 18.00%. During the same period in the previous year, the company earned $0.08 EPS. MNTN’s revenue was up 14.6% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts recently commented on MNTN shares. Freedom Broker initiated coverage on MNTN in a research note on Tuesday. They set a “buy” rating and a $16.50 price objective on the stock. Morgan Stanley set a $16.00 price objective on shares of MNTN in a report on Monday, August 10th. Weiss Ratings upgraded MNTN from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Tigress Financial decreased their price objective on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 13th. Finally, Citigroup lowered their target price on MNTN from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Read Our Latest Report on MNTN

Insider Activity

In related news, major shareholder Baroda Ventures Llc sold 275,115 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total transaction of $3,507,716.25. Following the transaction, the insider directly owned 6,375,543 shares in the company, valued at $81,288,173.25. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 335,555 shares of company stock worth $4,266,038. Corporate insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On MNTN

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of MNTN during the third quarter worth approximately $26,000. Hsbc Holdings PLC lifted its holdings in MNTN by 45.4% in the 1st quarter. Hsbc Holdings PLC now owns 18,311 shares of the company’s stock valued at $161,000 after acquiring an additional 5,720 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in MNTN during the first quarter valued at approximately $117,000. Chicago Partners Investment Group LLC acquired a new stake in shares of MNTN during the 1st quarter valued at $156,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of MNTN during the first quarter valued at $162,000. Institutional investors own 72.90% of the company’s stock.

MNTN Price Performance

The firm has a market capitalization of $643.90 million, a PE ratio of 14.65 and a beta of 1.17. The firm has a fifty day moving average price of $10.87 and a 200 day moving average price of $9.97.

About MNTN

(Get Free Report)

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.