Jim Cramer’s Recent Takes on These 12 Stocks

8. MNTN, Inc. (NYSE:MNTN)

Number of Hedge Fund Holders: 22

MNTN, Inc. (NYSE:MNTN) is one of the stocks Jim Cramer recently gave takes on. A caller sought clarification about what is happening with the stock, and Cramer said:

“Well, okay, here’s what happened with Mountain. I mean, the stock took off like a, you know, just, just like a, a giant, colossus, and then it reported a quarter, and the quarter wasn’t that great. Now, we have to see another quarter because that was really a suboptimal situation. I’m not going to back it… I mean, honestly, I thought it was going to be a good quarter. I want to back it. I love the business. I just need a good number.”

MNTN, Inc. (NYSE:MNTN) provides a self-serve platform that enables performance marketing on Connected TV, allowing brands to easily run ads and track outcomes such as conversions, revenue, and site traffic. Cramer mentioned the company in an August episode and commented:

“We got the first-ever earnings report from Mountain, the ad tech company that helps small, medium sized businesses take advantage of connected TV advertising. It was a doozy. Mountain came public at $16 in late May, and in less than a month, it’s run to $31 and change [as] of tonight’s close. When Mountain reported after the close, we saw even more reasons to like it, better than expected revenue, better than expected earnings before interest, taxes, depreciation, and amortisation, not to mention the Ryan Reynolds seal of approval. He’s the chief creative officer. At the same time, management gave very strong guidance for the current quarter. Still, stock is trading lower after hours. I think it’s because the quarter included a large gap, bottom-line loss, something that’s really just a result of the IPO process. It should not matter to investors.”