Mercury Systems, Inc. (NASDAQ:MRCY) Receives Consensus Rating of “Moderate Buy” from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.86.

A number of research firms recently commented on MRCY. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $56.00 in a research note on Thursday. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th.

Mercury Systems Trading Up 3.2 %

Shares of MRCY stock opened at $46.52 on Monday. The business’s fifty day moving average price is $43.54 and its 200 day moving average price is $39.92. 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 has a market capitalization of $2.78 billion, a PE ratio of -29.82 and a beta of 0.80. Mercury Systems has a 1-year low of $26.48 and a 1-year high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released 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 return on equity of 2.03% and a negative net margin of 10.23%. As a group, sell-side analysts forecast that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In other news, CAO Douglas Munro sold 595 shares of the business’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 owns 14,572 shares in the company, valued at approximately $642,916.64. The trade was 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 link. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares in the company, valued at $2,772,236.08. The trade was a 3.65 % 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 worth $234,454 in the last quarter. 1.60% of the stock is owned by insiders.

Institutional Trading of Mercury Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management acquired a new position in shares of Mercury Systems during the fourth quarter worth about $33,000. Sterling Capital Management LLC lifted its position in Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems in the 4th quarter worth approximately $75,000. Covestor Ltd grew its position in Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares in the last quarter. Finally, KBC Group NV grew its position in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after acquiring an additional 825 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

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.