Voyager Technologies, Inc. (NYSE:VOYG) Receives Average Rating of “Moderate Buy” from Analysts

Voyager Technologies, Inc. (NYSE:VOYG) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $45.20.

A number of analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a research note on Sunday, August 9th. Wall Street Zen raised Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday. BTIG Research assumed coverage on Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley restated an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Wolfe Research reiterated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new position in shares of Voyager Technologies during the 3rd quarter valued at about $54,119,000. Wellington Management Group LLP raised its position in shares of Voyager Technologies by 653.9% in the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after buying an additional 1,415,192 shares during the last quarter. Tema ETFs LLC increased its holdings in shares of Voyager Technologies by 125,688.6% in the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after purchasing an additional 1,352,409 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Voyager Technologies during the second quarter worth about $38,997,000. Finally, Senvest Management LLC increased its position in shares of Voyager Technologies by 29.3% during the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares during the last quarter.

Voyager Technologies Stock Up 3.6%

NYSE:VOYG opened at $33.86 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The company has a market capitalization of $1.97 billion, a PE ratio of -14.47 and a beta of 4.39. The firm’s 50-day moving average price is $33.05 and its 200-day moving average price is $32.52. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $52.40.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. The business had revenue of $52.75 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.23) EPS. On average, equities analysts predict that Voyager Technologies will post -3.48 EPS for the current fiscal year.

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.