Mercury Systems (NASDAQ:MRCY) Price Target Raised to $28.00

Mercury Systems (NASDAQ:MRCY) had its target price upped by equities research analysts at The Goldman Sachs Group from $25.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the technology company’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 34.91% from the company’s previous close.

Several other analysts have also recently issued reports on MRCY. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. Truist Financial boosted their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.14.

Mercury Systems Price Performance

Shares of MRCY stock traded down $0.26 during trading hours on Thursday, reaching $43.02. The company had a trading volume of 52,215 shares, compared to its average volume of 339,551. Mercury Systems has a 12-month low of $25.31 and a 12-month high of $44.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -20.99 and a beta of 0.78. The stock has a fifty day moving average of $40.80 and a 200-day moving average of $37.15.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares during the period. Covestor Ltd increased its stake in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after buying an additional 620 shares during the period. FMR LLC lifted its holdings in Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after buying an additional 974 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in Mercury Systems by 16.7% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after buying an additional 500 shares in the last quarter. 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.