The Goldman Sachs Group Issues Positive Forecast for Mercury Systems (NASDAQ:MRCY) Stock Price

Mercury Systems (NASDAQ:MRCY) had its price objective lifted by research analysts at The Goldman Sachs Group from $25.00 to $28.00 in a report released on Thursday,Benzinga reports. The firm 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 stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of 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 raised their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Truist Financial increased their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.14.

Mercury Systems Stock Down 0.6 %

Shares of Mercury Systems stock traded down $0.26 on Thursday, reaching $43.02. 52,215 shares of the company were exchanged, compared to its average volume of 339,551. The stock’s 50 day moving average price is $40.80 and its 200-day moving average price is $37.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $44.63. The company has a market cap of $2.57 billion, a P/E ratio of -20.99 and a beta of 0.78.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’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 owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mercury Systems during the 2nd quarter worth approximately $3,079,000. Clearline Capital LP grew its stake in shares of Mercury Systems by 18.4% in the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after purchasing an additional 81,826 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Mercury Systems in the third quarter valued at approximately $2,831,000. Finally, Sei Investments Co. raised its stake in shares of Mercury Systems by 28.7% during the second quarter. Sei Investments Co. now owns 279,327 shares of the technology company’s stock worth $7,539,000 after purchasing an additional 62,371 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.