Voyager Technologies, Inc. (NYSE:VOYG) Given Average Rating of “Hold” by Brokerages

Voyager Technologies, Inc. (NYSE:VOYG) has received an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $44.8750.

A number of brokerages have recently commented on VOYG. Wedbush reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a research report on Friday. JPMorgan Chase & Co. began coverage on Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Finally, Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th.

Voyager Technologies Stock Up 3.5%

Shares of NYSE VOYG opened at $27.00 on Friday. The firm has a market cap of $1.44 billion and a P/E ratio of -6.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.90 and a current ratio of 4.37. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $73.95. The firm’s 50 day moving average price is $29.52 and its 200 day moving average price is $28.44.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The business had revenue of $46.65 million during the quarter. Voyager Technologies’s quarterly revenue was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Several institutional investors have recently made changes to their positions in VOYG. Senvest Management LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter worth $110,514,000. Alyeska Investment Group L.P. acquired a new position in Voyager Technologies in the third quarter valued at $54,119,000. Wellington Management Group LLP grew its position in Voyager Technologies by 653.9% during the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after acquiring an additional 1,415,192 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in Voyager Technologies during the second quarter worth about $41,607,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies in the 2nd quarter worth about $38,997,000.

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.