Mercury Systems (NASDAQ:MRCY) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a sell rating in a report published on Thursday.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a neutral rating in a report on Thursday, September 5th. Royal Bank of Canada upped their price target on Mercury Systems from $30.00 to $35.00 and gave the company a sector perform rating in a research report on Wednesday, August 14th. Robert W. Baird increased their price target on Mercury Systems from $26.00 to $37.00 and gave the company a neutral rating in a research note on Wednesday, August 14th. Alembic Global Advisors raised Mercury Systems from a neutral rating to an overweight rating and set a $48.00 price objective on the stock in a research note on Monday, August 19th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the company a hold rating in a research report on Wednesday, August 14th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Mercury Systems presently has an average rating of Hold and an average price target of $33.50.

Mercury Systems Trading Up 1.0 %

Shares of MRCY stock opened at $35.90 on Thursday. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $42.72. The stock’s fifty day simple moving average is $36.03 and its 200 day simple moving average is $31.62. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.13 billion, a P/E ratio of -15.28 and a beta of 0.69.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The company had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.80 million. As a group, sell-side analysts predict that Mercury Systems will post -0.52 EPS for the current fiscal year.

Insider Activity

In other Mercury Systems news, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $258,620.01. Following the transaction, the chief executive officer now owns 353,481 shares in the company, valued at $13,958,964.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at approximately $1,273,907.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Ballhaus sold 6,549 shares of Mercury Systems stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,099 shares of company stock worth $865,740. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares during the period. nVerses Capital LLC purchased a new position in shares of Mercury Systems in the 2nd quarter worth about $81,000. Quest Partners LLC boosted its holdings in shares of Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after buying an additional 4,838 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Mercury Systems by 625.7% during the second quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after buying an additional 4,937 shares during the period. 95.99% of the stock is owned by institutional investors.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.