Voyager Technologies (NYSE:VOYG) Now Covered by Wedbush

Investment analysts at Wedbush started coverage on shares of Voyager Technologies (NYSE:VOYG) in a research note issued on Wednesday. The firm set an “outperform” rating and a $46.00 price target on the stock. Wedbush’s target price suggests a potential upside of 32.67% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Jefferies Financial Group increased their price target on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Citigroup raised their price target on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.75.

Voyager Technologies Trading Up 7.5%

Shares of NYSE:VOYG traded up $2.42 during mid-day trading on Wednesday, hitting $34.67. The stock had a trading volume of 126,492 shares, compared to its average volume of 1,960,086. The company’s 50 day moving average is $36.59 and its 200-day moving average is $31.26. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The company has a market cap of $1.86 billion and a PE ratio of -12.49.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.14. The firm had revenue of $35.25 million for the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts predict that Voyager Technologies will post -3.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec bought a new position in Voyager Technologies during the fourth quarter valued at approximately $26,000. Osaic Holdings Inc. acquired a new stake in Voyager Technologies in the second quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies in the fourth quarter worth approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies in the third quarter worth approximately $34,000.

About Voyager Technologies

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.