Mercury Systems, Inc. (NASDAQ:MRCY) Receives $33.50 Consensus Target Price from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has been given an average rating of “Reduce” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $33.50.

MRCY has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Monday, August 19th. Robert W. Baird upped their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada increased their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th.

Mercury Systems Trading Down 1.5 %

Mercury Systems stock opened at $36.31 on Monday. 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 50-day moving average price of $35.85 and a two-hundred day moving average price of $31.51. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -15.45 and a beta of 0.69. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $42.72.

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

Insider Buying and Selling

In related news, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the completion of the transaction, the executive vice president now owns 32,259 shares of the company’s stock, valued at approximately $1,273,907.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 32,259 shares in the company, valued at approximately $1,273,907.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David E. Farnsworth sold 6,716 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 transaction of $265,214.84. Following the completion of the sale, the chief financial officer now owns 140,778 shares of the company’s stock, valued at approximately $5,559,323.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,099 shares of company stock valued at $865,740. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 valued at $64,000 after purchasing an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter valued at $81,000. Quest Partners LLC raised its holdings in shares of Mercury Systems by 10,995.5% during the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after purchasing an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Mercury Systems by 625.7% during the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after purchasing an additional 4,937 shares in the last quarter. Hedge funds and other institutional investors 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.