Mercury Systems, Inc. (NASDAQ:MRCY) Receives $42.14 Consensus Price Target from Analysts

Shares of Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) have been given a consensus recommendation of "Hold" by the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.14.

Several equities research analysts have issued reports on MRCY shares. Truist Financial boosted their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target 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. StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a report on Thursday, January 16th.

Insider Buying and Selling

In related 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 transaction of $59,247.60. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in Mercury Systems by 46.4% during the 4th quarter. Comerica Bank now owns 182,232 shares of the technology company's stock valued at $7,654,000 after purchasing an additional 57,797 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in Mercury Systems by 8.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company's stock valued at $288,000 after purchasing an additional 517 shares during the period. Northern Trust Corp lifted its position in Mercury Systems by 2.9% during the 4th quarter. Northern Trust Corp now owns 593,455 shares of the technology company's stock valued at $24,925,000 after purchasing an additional 16,674 shares during the period. Dark Forest Capital Management LP acquired a new position in Mercury Systems during the 4th quarter valued at about $460,000. Finally, Mesirow Institutional Investment Management Inc. lifted its position in Mercury Systems by 14.7% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 500,831 shares of the technology company's stock valued at $21,035,000 after purchasing an additional 64,283 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

MRCY stock traded down $1.19 on Thursday, reaching $44.45. 566,724 shares of the company were exchanged, compared to its average volume of 537,351. Mercury Systems has a 12 month low of $26.48 and a 12 month high of $52.25. The stock's fifty day moving average price is $42.12 and its 200 day moving average price is $38.95. The firm has a market capitalization of $2.65 billion, a PE ratio of -28.49 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.59.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, research analysts anticipate that Mercury Systems will post -0.14 EPS for the current fiscal year.

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.