Mercury Systems (NASDAQ:MRCY) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a sell rating in a report released on Tuesday.

MRCY has been the subject of a number of other reports. Truist Financial raised their target price on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price target on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.

Mercury Systems Stock Up 2.7 %

Shares of MRCY opened at $39.98 on Tuesday. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $44.63. The company has a market capitalization of $2.38 billion, a PE ratio of -19.50 and a beta of 0.71. The stock has a fifty day simple moving average of $36.84 and a two-hundred day simple moving average of $34.04. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debora A. Plunkett sold 1,843 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the transaction, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. The trade was a 13.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,439 shares of company stock worth $132,005 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after buying an additional 130,396 shares during the period. Natixis acquired a new position in Mercury Systems in the first quarter valued at about $693,000. William Blair Investment Management LLC raised its stake in Mercury Systems by 0.6% in the second quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock valued at $173,180,000 after purchasing an additional 36,923 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Mercury Systems during the second quarter worth about $526,000. Finally, Raymond James & Associates grew its holdings in shares of Mercury Systems by 40.0% during the third quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock worth $3,458,000 after purchasing an additional 26,718 shares during the last quarter. 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.