Mercury Systems, Inc. (NASDAQ:MRCY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned 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 $43.86.

MRCY has been the topic of a number of recent analyst reports. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Truist Financial upgraded Mercury Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $56.00 in a research note on Thursday. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $46.52 on Monday. The stock’s fifty day moving average is $43.54 and its 200 day moving average is $39.96. Mercury Systems has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The firm has a market capitalization of $2.78 billion, a PE ratio of -29.82 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. On average, sell-side analysts anticipate that Mercury Systems will post -0.08 earnings per share for the current year.

Insider Activity at Mercury Systems

In other Mercury Systems news, CAO Douglas Munro sold 595 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $234,454 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Mercury Systems in the third quarter worth about $289,000. Oppenheimer & Co. Inc. raised its stake in shares of Mercury Systems by 6.8% in the third quarter. Oppenheimer & Co. Inc. now owns 39,528 shares of the technology company’s stock worth $1,463,000 after purchasing an additional 2,530 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Mercury Systems by 17.1% in the third quarter. Zions Bancorporation N.A. now owns 43,834 shares of the technology company’s stock worth $1,622,000 after purchasing an additional 6,403 shares during the last quarter. Finally, Royce & Associates LP raised its position in Mercury Systems by 0.9% during the third quarter. Royce & Associates LP now owns 221,279 shares of the technology company’s stock valued at $8,187,000 after acquiring an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

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.