Voyager Technologies’ (VOYG) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Voyager Technologies (NYSE:VOYG) in a research report sent to investors on Friday,Benzinga reports. They currently have a $46.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Zacks Research downgraded shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.88.

Voyager Technologies Price Performance

VOYG opened at $27.00 on Friday. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $73.95. The company has a current ratio of 4.37, a quick ratio of 4.90 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $29.52 and its 200-day simple moving average is $28.44. The company has a market capitalization of $1.44 billion and a price-to-earnings ratio of -6.24.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data 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 firm had revenue of $46.65 million during the quarter. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

Hedge Funds Weigh In On Voyager Technologies

A number of large investors have recently added to or reduced their stakes in VOYG. Senvest Management LLC bought a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $110,514,000. Alyeska Investment Group L.P. purchased a new position in shares of Voyager Technologies in the 3rd quarter worth approximately $54,119,000. Wellington Management Group LLP grew its position in shares of Voyager Technologies by 653.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after buying an additional 1,415,192 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Voyager Technologies during the 2nd quarter worth approximately $41,607,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Voyager Technologies during the second quarter valued at approximately $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.