The Goldman Sachs Group Issues Positive Forecast for Mercury Systems (NASDAQ:MRCY) Stock Price

Mercury Systems (NASDAQ:MRCY) had its price objective increased by The Goldman Sachs Group from $25.00 to $28.00 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on the company. Truist Financial upped their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Mercury Systems currently has an average rating of “Hold” and an average target price of $39.14.

Mercury Systems Stock Down 1.0 %

Shares of NASDAQ MRCY opened at $42.86 on Thursday. 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 12-month low of $25.31 and a 12-month high of $44.63. The firm’s 50-day moving average price is $40.82 and its 200-day moving average price is $37.19. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -20.91 and a beta of 0.78.

Insiders Place Their Bets

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated 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 directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRCY. Signaturefd LLC grew its stake in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after acquiring an additional 393 shares in the last quarter. nVerses Capital LLC grew its stake in Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after purchasing an additional 500 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 503 shares during the period. Covestor Ltd raised 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 valued at $78,000 after purchasing an additional 620 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Mercury Systems by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock worth $217,000 after buying an additional 695 shares during the period. 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.