Voyager Technologies (NYSE:VOYG) Stock Gets Price Target Reduction from TD Cowen

Voyager Technologies (NYSE:VOYG) had its price target cut by TD Cowen from $42.00 to $36.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on VOYG. BTIG Research initiated coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price for the company. Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Sunday, October 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price target on shares of Voyager Technologies in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Voyager Technologies Trading Up 0.5%

VOYG stock opened at $27.39 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. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $52.40. The business has a 50 day simple moving average of $34.97 and a two-hundred day simple moving average of $33.45. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -11.71 and a beta of 4.44.

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 net margin of 78.61% and a negative return on equity of 27.31%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business earned ($1.23) earnings per share. Research analysts anticipate that Voyager Technologies will post -3.34 EPS for the current fiscal year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president owned 187,758 shares of the company’s stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after buying an additional 650,531 shares in the last quarter. Tema ETFs LLC lifted its holdings in shares of Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after acquiring an additional 1,352,409 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Voyager Technologies in the 2nd quarter valued at about $42,593,000. Janus Henderson Group PLC grew its position in Voyager Technologies by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after acquiring an additional 5,225 shares in the last quarter. Finally, Readystate Asset Management LP grew its position in Voyager Technologies by 1,464.5% in the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after acquiring an additional 384,028 shares in the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.