Mercury Systems, Inc. (NASDAQ:MRCY) Given Average Rating of “Hold” by Brokerages

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.14.

A number of analysts have commented on MRCY shares. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $42.00 in a report on Monday, November 11th. Truist Financial lifted their price objective on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price target on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Mercury Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 393 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after buying an additional 503 shares in the last quarter. Covestor Ltd lifted its position in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after buying an additional 620 shares in the last quarter. FMR LLC grew its holdings in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after acquiring an additional 974 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Mercury Systems stock opened at $42.92 on Friday. The company has a market cap of $2.56 billion, a PE ratio of -20.94 and a beta of 0.78. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $44.63. The company’s 50-day moving average is $40.82 and its two-hundred day moving average is $37.35.

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.