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

Shares of Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.86.

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research note on Thursday, January 16th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $49.00 to $56.00 in a report on Thursday, March 13th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the sale, the chief operating officer now owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Douglas Munro sold 595 shares of Mercury Systems 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 sale, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at $642,916.64. The trade was a 3.92 % 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 over the last ninety days. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently added to or reduced their stakes in MRCY. Principal Financial Group Inc. lifted its stake in shares of Mercury Systems by 11.8% in the 1st quarter. Principal Financial Group Inc. now owns 274,954 shares of the technology company's stock valued at $11,848,000 after purchasing an additional 29,074 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Mercury Systems during the 1st quarter worth $319,000. Lisanti Capital Growth LLC purchased a new stake in Mercury Systems in the 1st quarter worth about $2,562,000. Conestoga Capital Advisors LLC grew its holdings in Mercury Systems by 8.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,258,186 shares of the technology company's stock valued at $97,305,000 after buying an additional 185,369 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Mercury Systems during the first quarter worth about $434,000. Institutional investors own 95.99% of the company's stock.

Mercury Systems Stock Down 0.0 %

MRCY stock opened at $49.73 on Tuesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of -31.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. Mercury Systems has a one year low of $26.48 and a one year high of $52.25. The company has a 50 day moving average price of $45.07 and a two-hundred day moving average price of $42.02.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. As a group, sell-side analysts expect that Mercury Systems will post -0.08 EPS for the current year.

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.

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