Voyager Technologies (NYSE:VOYG) Now Covered by Analysts at Wedbush

Equities researchers at Wedbush started coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a $46.00 price target on the stock. Wedbush’s target price would indicate a potential upside of 32.67% from the stock’s current price.

Several other research firms have also weighed in on VOYG. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Citigroup increased their price target on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 18th. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. BTIG Research assumed coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective for the company. Finally, TD Cowen assumed coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies has a consensus rating of “Moderate Buy” and an average target price of $43.75.

Voyager Technologies Stock Up 7.5%

NYSE VOYG traded up $2.42 during trading on Wednesday, hitting $34.67. 126,492 shares of the company traded hands, compared to its average volume of 1,960,086. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $52.40. The business has a fifty day simple moving average of $36.59 and a 200 day simple moving average of $31.26. The company has a market capitalization of $1.86 billion and a P/E ratio of -12.49. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.14. The company had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Voyager Technologies will post -3.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VOYG. Legal & General Group Plc acquired a new position in shares of Voyager Technologies during the second quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Voyager Technologies in the fourth quarter worth $26,000. Osaic Holdings Inc. bought a new position in Voyager Technologies during the second quarter worth $40,000. Caitong International Asset Management Co. Ltd acquired a new position in Voyager Technologies during the 4th quarter valued at $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies in the 3rd quarter valued at $34,000.

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.