Mercury Systems, Inc. (NASDAQ:MRCY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $46.71.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Royal Bank of Canada lifted their price target on shares of Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $49.00 to $56.00 in a report on Thursday, March 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a report on Monday, May 12th.

Mercury Systems Stock Up 0.0%

Shares of MRCY traded up $0.01 during midday trading on Friday, hitting $48.35. The company had a trading volume of 318,661 shares, compared to its average volume of 579,798. The company's 50 day moving average price is $46.78 and its 200 day moving average price is $43.87. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -30.99 and a beta of 0.70. Mercury Systems has a 52 week low of $26.48 and a 52 week high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The company's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) EPS. On average, equities research analysts predict that Mercury Systems will post -0.08 EPS for the current year.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the transaction, the executive vice president now directly owns 56,187 shares of the company's stock, valued at $2,680,119.90. The trade was a 6.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total transaction of $4,078,793.04. Following the completion of the sale, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Mercury Systems

Institutional investors have recently made changes to their positions in the stock. Neo Ivy Capital Management acquired a new stake in shares of Mercury Systems in the 4th quarter worth approximately $33,000. GAMMA Investing LLC lifted its stake in shares of Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after acquiring an additional 395 shares during the period. Fifth Third Bancorp lifted its stake in shares of Mercury Systems by 53.8% in the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after acquiring an additional 451 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after acquiring an additional 1,449 shares during the period. Finally, Nkcfo LLC acquired a new stake in shares of Mercury Systems in the 1st quarter worth approximately $72,000. 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.