Voyager Technologies (NYSE:VOYG) Stock Rating Upgraded by Wells Fargo & Company

Voyager Technologies (NYSE:VOYG) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Citigroup assumed coverage on Voyager Technologies in a research report on Monday. They set a “buy” rating and a $36.00 price target on the stock. Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. TD Cowen began coverage on Voyager Technologies in a research note on Wednesday. They set a “buy” rating and a $35.00 price objective for the company. Finally, Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Voyager Technologies Price Performance

Shares of VOYG opened at $23.74 on Tuesday. The firm’s fifty day simple moving average is $27.81 and its 200-day simple moving average is $28.03. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of -5.48. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The business had revenue of $46.65 million for the quarter. Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.Voyager Technologies’s revenue was up 23.7% on a year-over-year basis.

Institutional Trading of Voyager Technologies

Several large investors have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec purchased a new position in Voyager Technologies in the fourth quarter valued at about $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voyager Technologies in the second quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies in the fourth quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Voyager Technologies in the fourth quarter valued at about $33,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies during the 3rd quarter valued at about $34,000.

Voyager Technologies Company Profile

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.