Mercury Systems, Inc. (NASDAQ:MRCY) Receives $36.29 Average Price Target from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $36.29.

Several analysts have weighed in on the company. StockNews.com raised Mercury Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, November 7th.

Mercury Systems Trading Up 0.9 %

Shares of MRCY stock traded up $0.38 on Wednesday, reaching $40.68. 112,549 shares of the stock were exchanged, compared to its average volume of 577,776. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The stock has a market cap of $2.43 billion, a PE ratio of -19.84 and a beta of 0.78. The stock has a 50 day moving average price of $38.22 and a 200 day moving average price of $35.61.

Insider Activity at Mercury Systems

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 shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Mercury Systems by 144.0% in the third 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. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company's stock worth $31,000 after purchasing an additional 1,070 shares in the last quarter. Covestor Ltd increased its stake in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock worth $78,000 after purchasing an additional 620 shares in the last quarter. nVerses Capital LLC acquired a new stake in Mercury Systems during the 2nd quarter worth approximately $81,000. Finally, FMR LLC lifted its stake 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. 95.99% of the stock is currently owned by institutional investors.

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.