Wedbush Upgrades Voyager Technologies (NYSE:VOYG) to “Strong-Buy”

Voyager Technologies (NYSE:VOYG) was upgraded by equities researchers at Wedbush to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on VOYG. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report 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 company a “buy” rating in a research report on Monday, June 1st. Finally, BTIG Research initiated coverage on Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $43.75.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock opened at $34.14 on Tuesday. The firm’s 50 day moving average is $36.69 and its two-hundred day moving average is $31.35. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.83 billion and a P/E ratio of -12.28.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The firm had revenue of $35.25 million during the quarter. Voyager Technologies’s revenue was up .1% compared to the same quarter last year. Research analysts forecast that Voyager Technologies will post -3.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Voyager Technologies during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. bought a new position in Voyager Technologies in the 4th quarter worth about $33,000. Ameritas Investment Partners Inc. acquired a new stake in Voyager Technologies in the 3rd quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. acquired a new position in Voyager Technologies during the 3rd quarter worth $35,000.

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.