Mercury Systems (NASDAQ:MRCY) Stock Rating Lowered by StockNews.com

Mercury Systems (NASDAQ:MRCY) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages also recently issued reports on MRCY. Truist Financial upped their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. 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 report on Monday, August 19th. Finally, Robert W. Baird increased their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Mercury Systems Price Performance

Mercury Systems stock traded down $0.27 during midday trading on Thursday, reaching $41.95. 981,853 shares of the stock traded hands, compared to its average volume of 586,928. The stock’s fifty day moving average is $36.09 and its 200-day moving average is $33.22. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $42.93. The stock has a market cap of $2.50 billion, a P/E ratio of -17.55 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 (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. As a group, equities research analysts anticipate that Mercury Systems will post -0.52 EPS for the current year.

Insiders Place Their Bets

In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the firm’s 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 directly 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 document filed with the SEC, which is available through the SEC website. In related news, Director Jana Partners Management, Lp bought 13,600 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of $37.25 per share, with a total value of $506,600.00. Following the transaction, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing 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 shares were 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 $1,273,907.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,099 shares of company stock worth $865,740 in the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Trading of Mercury Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mercury Systems by 216.0% in the 2nd 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. Covestor Ltd boosted its position in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Mercury Systems in the 2nd quarter worth $81,000. 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.