Mercury Systems, Inc. (NASDAQ:MRCY) Given Average Rating of "Reduce" by Brokerages

Shares of Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) have been given an average recommendation of "Reduce" by the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $33.50.

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a "neutral" rating in a report on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. StockNews.com upgraded Mercury Systems from a "sell" rating to a "hold" rating in a research note on Saturday, October 5th. Truist Financial increased their price target on Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada increased their price target on Mercury Systems from $30.00 to $35.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 14th.

Mercury Systems Stock Up 2.8 %

Shares of NASDAQ MRCY traded up $0.94 during trading hours on Tuesday, hitting $34.19. The company had a trading volume of 575,291 shares, compared to its average volume of 580,715. The stock has a market capitalization of $2.03 billion, a P/E ratio of -14.31 and a beta of 0.71. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $42.72. The firm's 50 day moving average is $35.90 and its 200-day moving average is $33.09.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. On average, analysts expect that Mercury Systems will post -0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the transaction, the executive vice president now owns 32,259 shares in the company, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the sale, the chief executive officer now directly owns 353,481 shares of the company's stock, valued at approximately $13,958,964.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,099 shares of company stock worth $865,740 in the last 90 days. Company insiders own 1.60% of the company's stock.

Institutional Trading of Mercury Systems

Large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company's stock valued at $25,000 after buying an additional 393 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company's stock worth $31,000 after acquiring an additional 1,070 shares during the last quarter. Covestor Ltd raised its position in shares of Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock worth $78,000 after acquiring an additional 620 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company's stock worth $64,000 after purchasing an additional 1,622 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Mercury Systems in the second quarter worth approximately $81,000. 95.99% of the stock is owned by institutional investors and hedge funds.

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.