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

Shares of Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) have been given a consensus recommendation of "Reduce" by the seven analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $29.88.

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

Insider Buying and Selling at Mercury Systems

In related news, CFO David E. Farnsworth acquired 3,567 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $28.09 per share, with a total value of $100,197.03. Following the completion of the transaction, the chief financial officer now directly owns 126,618 shares of the company's stock, valued at $3,556,699.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Barry R. Nearhos acquired 3,500 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $27.15 per share, with a total value of $95,025.00. Following the completion of the transaction, the director now directly owns 3,500 shares of the company's stock, valued at $95,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David E. Farnsworth acquired 3,567 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $28.09 per share, with a total value of $100,197.03. Following the transaction, the chief financial officer now directly owns 126,618 shares of the company's stock, valued at $3,556,699.62. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,133 shares of company stock valued at $398,311 and sold 3,510 shares valued at $103,685. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Mercury Systems

Large investors have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC boosted its holdings in Mercury Systems by 110.9% during the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company's stock worth $27,000 after purchasing an additional 376 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Mercury Systems during the third quarter worth $33,000. Point72 Middle East FZE acquired a new position in Mercury Systems during the fourth quarter worth $35,000. KBC Group NV acquired a new position in Mercury Systems during the fourth quarter worth $35,000. Finally, Psagot Value Holdings Ltd. Israel boosted its holdings in Mercury Systems by 511.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company's stock worth $47,000 after purchasing an additional 1,069 shares during the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

NASDAQ:MRCY traded down $0.33 on Friday, reaching $27.98. The stock had a trading volume of 390,226 shares, compared to its average volume of 538,128. The company has a market capitalization of $1.66 billion, a P/E ratio of -18.69 and a beta of 0.70. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $48.65. The company has a quick ratio of 2.79, a current ratio of 4.36 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $29.00 and a 200-day moving average price of $32.71.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.48). The firm had revenue of $197.46 million during the quarter, compared to analyst estimates of $215.41 million. Mercury Systems had a negative net margin of 9.54% and a negative return on equity of 2.62%. Research analysts forecast that Mercury Systems will post -1.4 EPS for the current 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.