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

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

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

Mercury Systems Stock Performance

NASDAQ MRCY traded up $0.24 on Tuesday, hitting $38.97. The stock had a trading volume of 282,514 shares, compared to its average volume of 582,856. The company’s 50-day moving average is $36.72 and its two-hundred day moving average is $33.94. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -19.01 and a beta of 0.71. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems has a one year low of $25.31 and a one year high of $44.63.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp bought 13,600 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $37.25 per share, for a total transaction of $506,600.00. Following the purchase, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,330 shares of company stock valued at $281,458 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

Large investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% in the third 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 holdings in 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 valued at $31,000 after purchasing an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in 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 during the last quarter. Covestor Ltd increased its holdings in shares of 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 purchasing an additional 620 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Mercury Systems during the second quarter valued at about $81,000. Institutional investors and hedge funds 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.