Voyager Technologies (NYSE:VOYG) Rating Lowered to Strong Sell at Wall Street Zen

Voyager Technologies (NYSE:VOYG) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.

Several other equities analysts also recently commented on the company. Morgan Stanley set a $39.00 target price on Voyager Technologies in a research report on Friday, January 16th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Wedbush reiterated an “outperform” rating and issued a $46.00 target price on shares of Voyager Technologies in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, Wells Fargo & Company initiated coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Voyager Technologies currently has an average rating of “Moderate Buy” and an average price target of $40.64.

Voyager Technologies Price Performance

Voyager Technologies stock opened at $31.57 on Friday. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.69 billion and a PE ratio of -7.29. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $73.95. The stock has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $27.94.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The firm had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts expect that Voyager Technologies will post -2.69 EPS for the current year.

Institutional Investors Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec acquired a new stake in Voyager Technologies during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Voyager Technologies in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new stake in Voyager Technologies in the fourth quarter valued at approximately $33,000. Ameritas Investment Partners Inc. acquired a new stake in Voyager Technologies in the third quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in Voyager Technologies in the third quarter valued at approximately $35,000.

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.