Voyager Technologies, Inc. (NYSE:VOYG) Receives $44.92 Consensus PT from Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $44.9167.

Several equities research analysts have issued reports on VOYG shares. Wells Fargo & Company started coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Wedbush boosted their target price on shares of Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, TD Cowen began coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Voyager Technologies

Institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its holdings in shares of Voyager Technologies by 44,598.9% during the fourth quarter. Comerica Bank now owns 40,229 shares of the company’s stock valued at $1,052,000 after purchasing an additional 40,139 shares during the period. Vanderbilt University acquired a new stake in shares of Voyager Technologies in the 4th quarter worth about $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Voyager Technologies in the 4th quarter worth about $7,334,000. HB Wealth Management LLC acquired a new stake in shares of Voyager Technologies in the 4th quarter worth about $1,169,000. Finally, Liberty Street Advisors Inc. raised its holdings in shares of Voyager Technologies by 25.1% in the 4th quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock worth $17,821,000 after acquiring an additional 136,925 shares during the last quarter.

Voyager Technologies Price Performance

VOYG stock opened at $29.21 on Monday. The stock has a market cap of $1.56 billion and a PE ratio of -10.51. The stock has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $31.14. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. 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, May 4th. The company reported ($0.61) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company had revenue of $35.25 million during the quarter. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast 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.