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

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have earned a consensus rating of “Reduce” from the seven research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $29.88.

Several equities research analysts have recently issued reports on MRCY shares. The Goldman Sachs Group decreased their price target on shares of Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 8th. Truist Financial lowered Mercury Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $48.00 to $28.00 in a report on Wednesday, February 7th. Jefferies Financial Group lowered shares of Mercury Systems from a “hold” rating to an “underperform” rating and cut their target price for the stock from $35.00 to $30.00 in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 7th.

Mercury Systems Stock Down 0.3 %

MRCY stock opened at $27.44 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of -18.42 and a beta of 0.70. The company has a current ratio of 4.36, a quick ratio of 2.79 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $28.88 and its two-hundred day simple moving average is $32.48. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $48.65.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The company had revenue of $197.46 million during the quarter, compared to analysts’ expectations of $215.41 million. Analysts expect that Mercury Systems will post -1.4 EPS for the current year.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 1,696 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $29.57, for a total transaction of $50,150.72. Following the completion of the transaction, the chief operating officer now directly owns 105,427 shares in the company, valued at approximately $3,117,476.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Stephanie Georges sold 1,409 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total value of $41,664.13. Following the sale, the executive vice president now directly owns 38,319 shares of the company’s stock, valued at $1,133,092.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles Roger Iv Wells sold 1,696 shares of Mercury Systems stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total transaction of $50,150.72. Following the sale, the chief operating officer now owns 105,427 shares of the company’s stock, valued at $3,117,476.39. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 14,133 shares of company stock valued at $398,311 and have sold 3,510 shares valued at $103,685. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Mercury Systems

Several institutional investors and hedge funds have recently made changes to their positions in MRCY. VisionPoint Advisory Group LLC increased its stake in Mercury Systems by 110.9% in the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock valued at $27,000 after acquiring an additional 376 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its holdings in shares of Mercury Systems by 511.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock valued at $47,000 after buying an additional 1,069 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Mercury Systems in the 4th quarter worth approximately $169,000. CWM LLC boosted its stake in Mercury Systems by 65.5% in the third quarter. CWM LLC now owns 5,685 shares of the technology company’s stock worth $211,000 after buying an additional 2,249 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Mercury Systems during the first quarter valued at approximately $233,000. Hedge funds and other 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.