Mercury Systems (NASDAQ:MRCY) Stock Price Expected to Rise, Truist Financial Analyst Says

Mercury Systems (NASDAQ:MRCY) had its price objective upped by Truist Financial from $35.00 to $44.00 in a report published on Tuesday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their target price for the stock from $30.00 to $42.00 in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.14.

Mercury Systems Stock Up 3.0 %

MRCY stock opened at $43.01 on Tuesday. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -20.98 and a beta of 0.78. The business’s fifty day moving average price is $40.78 and its two-hundred day moving average price is $37.10.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MRCY. Signaturefd LLC boosted its stake in shares of Mercury Systems by 144.0% in 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. Nisa Investment Advisors LLC lifted its stake in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares during the last quarter. Covestor Ltd boosted 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 buying an additional 620 shares in the last quarter. FMR LLC boosted its position in Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares in the last quarter. Finally, nVerses Capital LLC grew its stake in shares of Mercury Systems by 16.7% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after buying an additional 500 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.