Voyager Technologies, Inc. (NYSE:VOYG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.6364.

A number of equities analysts recently weighed in on the company. TD Cowen assumed coverage on Voyager Technologies in a report on Monday, April 20th. They issued a “buy” rating for the company. Citigroup lifted their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. dropped their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $39.00 price target on shares of Voyager Technologies in a research report on Wednesday.

Institutional Trading of Voyager Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Voyager Technologies in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Voyager Technologies during the fourth quarter worth about $33,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies in the 3rd quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. purchased a new position in Voyager Technologies in the third quarter valued at $35,000.

Voyager Technologies Stock Performance

Shares of VOYG stock opened at $25.05 on Friday. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40. The business has a 50-day simple moving average of $37.37 and a 200-day simple moving average of $31.67. The stock has a market cap of $1.34 billion and a PE ratio of -9.01.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The business had revenue of $35.25 million for the quarter. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts expect that Voyager Technologies will post -3.48 EPS for the current year.

About Voyager Technologies

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.