Mercury Systems, Inc. (NASDAQ:MRCY) Receives $42.14 Average Price Target from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.14.

A number of brokerages recently weighed in on MRCY. Truist Financial raised their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Mercury Systems Price Performance

NASDAQ MRCY opened at $44.45 on Thursday. The company has a market cap of $2.65 billion, a PE ratio of -28.49 and a beta of 0.79. Mercury Systems has a 52 week low of $26.48 and a 52 week high of $52.25. The company has a quick ratio of 2.59, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $38.92.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Research analysts predict that Mercury Systems will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after purchasing an additional 266 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in Mercury Systems by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock valued at $1,722,000 after acquiring an additional 300 shares in the last quarter. Signaturefd LLC boosted its holdings in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after acquiring an additional 393 shares in the last quarter. nVerses Capital LLC boosted its holdings in Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after acquiring an additional 500 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares in the last quarter. 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.