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

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $44.8182.

Several brokerages have recently commented on VOYG. Wolfe Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Citigroup lifted their price objective on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen started coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating on the stock. Finally, BTIG Research began coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective on the stock.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew James Kuta sold 199,807 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Hedge funds have recently modified their holdings of the business. HB Wealth Management LLC lifted its stake in Voyager Technologies by 0.8% in the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after acquiring an additional 376 shares in the last quarter. World Equity Group Inc. lifted its stake in shares of Voyager Technologies by 1.1% in the 2nd quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after purchasing an additional 400 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Voyager Technologies by 18.8% during the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after acquiring an additional 481 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after purchasing an additional 757 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Voyager Technologies by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after buying an additional 882 shares during the period.

Voyager Technologies Price Performance

Shares of NYSE VOYG opened at $44.03 on Tuesday. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The firm has a market cap of $2.43 billion, a PE ratio of -18.82 and a beta of 4.19. The business has a 50 day moving average price of $33.48 and a two-hundred day moving average price of $31.85.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.01) by $0.31. The firm had revenue of $52.75 million for the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned ($1.23) earnings per share. Sell-side analysts expect that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

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.