Voyager Technologies (NYSE:VOYG) Now Covered by TD Cowen

Research analysts at TD Cowen initiated coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report issued on Wednesday. The brokerage set a “buy” rating and a $35.00 price target on the stock. TD Cowen’s price objective suggests a potential upside of 49.24% from the stock’s previous close.

VOYG has been the topic of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Citigroup assumed coverage on shares of Voyager Technologies in a report on Monday. They issued a “buy” rating and a $36.00 price target for the company. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th. Wedbush reissued an “outperform” rating and set a $46.00 target price on shares of Voyager Technologies in a research note on Friday, March 13th. Finally, Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Voyager Technologies presently has a consensus rating of “Hold” and an average price target of $41.00.

Voyager Technologies Stock Up 6.9%

VOYG stock opened at $23.45 on Wednesday. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37. The firm’s fifty day moving average is $27.98 and its 200 day moving average is $28.06. The firm has a market cap of $1.25 billion and a PE ratio of -5.42.

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

Institutional Investors Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the second quarter valued at about $40,000. Steward Partners Investment Advisory LLC acquired a new stake in Voyager Technologies in the 2nd quarter valued at about $28,000. XTX Topco Ltd acquired a new position in shares of Voyager Technologies during the 2nd quarter worth approximately $395,000. Norges Bank purchased a new stake in shares of Voyager Technologies in the second quarter valued at approximately $13,738,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Voyager Technologies in the second quarter valued at approximately $146,000.

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.