Analysts Set Mercury Systems, Inc. (NASDAQ:MRCY) Target Price at $39.14

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.14.

MRCY has been the subject of several research analyst reports. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised 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 report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial raised their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th.

Mercury Systems Stock Down 0.5 %

Shares of NASDAQ:MRCY opened at $42.46 on Friday. The firm has a market cap of $2.53 billion, a P/E ratio of -20.71 and a beta of 0.78. The company has a quick ratio of 2.59, a current ratio of 4.10 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 business has a fifty day simple moving average of $40.79 and a 200 day simple moving average of $37.64.

Insider Transactions at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction that occurred 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 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised 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 acquiring an additional 393 shares during the period. nVerses Capital LLC grew its position 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 acquiring an additional 500 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after buying an additional 503 shares during the period. Covestor Ltd boosted its position in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after buying an additional 620 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in Mercury Systems by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after buying an additional 695 shares during the period. 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.