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

Voyager Technologies, Inc. (NYSE:VOYG) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.3636.

A number of research analysts have weighed in on VOYG shares. JPMorgan Chase & Co. reduced their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Wells Fargo & Company started coverage on Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price on the stock. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Citigroup upped their price target on Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th.

Voyager Technologies Stock Up 4.5%

VOYG stock opened at $48.53 on Thursday. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $73.95. The business’s 50 day moving average price is $30.53 and its two-hundred day moving average price is $28.22. 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 capitalization of $2.60 billion and a price-to-earnings ratio of -17.46.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $35.25 million for the quarter. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

Institutional Trading of Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock worth $10,395,000 after buying an additional 177,842 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Voyager Technologies by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after buying an additional 5,225 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Voyager Technologies by 11.0% in the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after buying an additional 1,744 shares during the last quarter. Readystate Asset Management LP purchased a new stake in shares of Voyager Technologies in the 1st quarter worth approximately $613,000. Finally, Royal Bank of Canada grew its stake in shares of Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after buying an additional 481 shares during the last quarter.

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.