Voyager Technologies (NYSE:VOYG) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Voyager Technologies (NYSE:VOYG) from a sell rating to a strong sell rating in a research report released on Monday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on VOYG. TD Cowen dropped their price objective on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Wedbush assumed coverage on Voyager Technologies in a research note on Wednesday, July 1st. They set an “outperform” rating and a $46.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of Voyager Technologies in a research note on Tuesday, October 6th. Weiss Ratings cut Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Finally, Citigroup lifted their target price on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.30.

Voyager Technologies Trading Down 2.3%

Voyager Technologies stock opened at $25.75 on Monday. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average price of $34.63 and a 200 day moving average price of $33.48.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The company had revenue of $52.75 million for the quarter. During the same period in the previous year, the firm earned ($1.23) EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts forecast that Voyager Technologies will post -3.39 EPS for the current fiscal year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the stock in a transaction that occurred on 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 sale, the president directly owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors have recently modified their holdings of VOYG. Wellington Management Group LLP boosted its holdings in Voyager Technologies by 39.3% in the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after purchasing an additional 650,531 shares during the period. Tema ETFs LLC grew its stake in Voyager Technologies by 125,688.6% during the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after purchasing an additional 1,352,409 shares in the last quarter. Tidal Investments LLC acquired a new position in Voyager Technologies during the 2nd quarter worth $42,593,000. Janus Henderson Group PLC grew its stake in Voyager Technologies by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after purchasing an additional 5,225 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after purchasing an additional 177,842 shares in the last quarter.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.