Mercury Systems, Inc. (NASDAQ:MRCY) Receives Consensus Recommendation of “Hold” from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $42.14.

MRCY has been the topic of a number of research reports. Truist Financial raised their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th.

Mercury Systems Trading Up 0.1 %

Shares of NASDAQ:MRCY opened at $43.84 on Monday. Mercury Systems has a 1 year low of $26.48 and a 1 year high of $52.25. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -28.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The business’s 50 day moving average price is $43.37 and its 200-day moving average price is $39.72.

Mercury Systems (NASDAQ:MRCY) last announced its 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 net margin of 10.23% and a negative return on equity of 2.03%. On average, equities research analysts forecast that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In related 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 transaction of $26,251.40. Following the completion of the sale, the chief accounting officer now directly owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $234,454 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new stake in shares of Mercury Systems during the 4th quarter worth about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mercury Systems by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,701 shares of the technology company’s stock valued at $5,909,000 after acquiring an additional 14,129 shares in the last quarter. Vident Advisory LLC grew its position in Mercury Systems by 29.2% in the 4th quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock valued at $1,501,000 after acquiring an additional 8,088 shares in the last quarter. Rafferty Asset Management LLC grew its position in Mercury Systems by 5.1% in the 4th quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company’s stock valued at $545,000 after acquiring an additional 632 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Mercury Systems by 37.8% in the 4th quarter. ProShare Advisors LLC now owns 15,647 shares of the technology company’s stock valued at $657,000 after acquiring an additional 4,294 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

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.