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

Mercury Systems, Inc. (NASDAQ:MRCY) has received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $42.14.

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

Mercury Systems Stock Down 1.4 %

Shares of NASDAQ MRCY opened at $44.00 on Thursday. Mercury Systems has a 12-month low of $26.48 and a 12-month high of $52.25. The company has a market capitalization of $2.63 billion, a PE ratio of -28.21 and a beta of 0.79. 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 firm’s 50-day moving average is $42.48 and its two-hundred day moving average is $39.13.

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 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%. Equities analysts anticipate that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Stuart Kupinsky sold 2,377 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the transaction, the executive vice president now owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Douglas Munro sold 595 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the transaction, the chief accounting officer now directly owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % 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. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently made changes to their positions in MRCY. Creative Planning raised its stake in shares of Mercury Systems by 22.8% in the 3rd quarter. Creative Planning now owns 9,788 shares of the technology company’s stock valued at $362,000 after acquiring an additional 1,818 shares during the period. nVerses Capital LLC grew its holdings in Mercury Systems by 16.7% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after purchasing an additional 500 shares in the last quarter. Raymond James & Associates grew its holdings in Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after purchasing an additional 26,718 shares in the last quarter. Signaturefd LLC grew its holdings in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Mercury Systems by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

About Mercury Systems

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.