Mercury Systems, Inc. (NASDAQ:MRCY) Receives Consensus Recommendation of “Reduce” from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has been given an average recommendation of “Reduce” by the seven analysts that are currently 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.88.

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

Mercury Systems Stock Up 3.1 %

MRCY stock opened at $28.31 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of -19.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36. The firm’s fifty day moving average is $29.00 and its 200 day moving average is $32.71. Mercury Systems has a one year low of $25.31 and a one year high of $49.04.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The firm had revenue of $197.46 million for 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%. On average, research analysts forecast that Mercury Systems will post -1.4 EPS for the current year.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, Director Barry R. Nearhos acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $27.15 per share, for a total transaction of $95,025.00. Following the completion of the acquisition, the director now owns 3,500 shares of the company’s stock, valued at approximately $95,025. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mercury Systems news, CEO William L. Ballhaus acquired 3,653 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $28.22 per share, for a total transaction of $103,087.66. Following the completion of the acquisition, the chief executive officer now owns 3,653 shares of the company’s stock, valued at approximately $103,087.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barry R. Nearhos acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $27.15 per share, with a total value of $95,025.00. Following the acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $95,025. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 14,133 shares of company stock worth $398,311 and sold 3,510 shares worth $103,685. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its stake in Mercury Systems by 7.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,960 shares of the technology company’s stock worth $132,000 after acquiring an additional 193 shares during the last quarter. Truist Financial Corp lifted its position in shares of Mercury Systems by 4.2% during the 4th quarter. Truist Financial Corp now owns 6,173 shares of the technology company’s stock worth $276,000 after buying an additional 247 shares during the last quarter. Cim Investment Management Inc. lifted its position in shares of Mercury Systems by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 7,340 shares of the technology company’s stock worth $375,000 after buying an additional 252 shares during the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of Mercury Systems by 2.4% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 14,032 shares of the technology company’s stock worth $513,000 after buying an additional 328 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Mercury Systems by 22.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,919 shares of the technology company’s stock worth $123,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

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.