Analysts Set Mercury Systems, Inc. (NASDAQ:MRCY) Target Price at $33.50

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have earned an average rating of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $33.50.

A number of analysts have commented on the stock. Truist Financial lifted their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Royal Bank of Canada lifted their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Robert W. Baird boosted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Mercury Systems Price Performance

Shares of MRCY stock opened at $36.20 on Friday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -15.40 and a beta of 0.70. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $42.72. 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 stock has a 50-day moving average price of $36.81 and a 200 day moving average price of $32.42.

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

Insider Transactions at Mercury Systems

In other news, Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the transaction, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Charles Roger Iv Wells sold 1,346 shares of Mercury Systems stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the transaction, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares of the company’s stock, valued at $431,675.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,099 shares of company stock valued at $865,740. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors have recently made changes to their positions in MRCY. Nisa Investment Advisors LLC raised its holdings in shares of Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new stake in Mercury Systems in the 2nd quarter worth about $81,000. Quest Partners LLC lifted its position 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 worth $132,000 after buying an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Mercury Systems by 625.7% during the second quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after acquiring an additional 4,937 shares during 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.