Voyager Technologies, Inc. (VOYG) – What Are Researchers Thinking About This Stock?

Voyager Technologies, Inc. (NYSE:VOYG) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $44.20.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, October 16th. TD Cowen cut their price target on shares of Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 9th. Citigroup upped their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings cut Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday.

Voyager Technologies Stock Down 5.1%

VOYG stock opened at $26.37 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -11.27 and a beta of 4.44. The firm has a 50-day moving average of $30.93 and a two-hundred day moving average of $31.79. Voyager Technologies has a 12 month low of $17.41 and a 12 month 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.

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 analysts’ consensus estimates of ($1.01) by $0.31. The business had revenue of $52.75 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. Voyager Technologies’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.23) earnings per share. As a group, analysts forecast that Voyager Technologies will post -3.37 earnings per share for the current fiscal year.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was 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 trade represents a 51.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Investors Weigh In On Voyager Technologies

A number of institutional investors have recently made changes to their positions in VOYG. Wellington Management Group LLP raised its position 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 shares of Voyager Technologies by 125,688.6% in the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after buying an additional 1,352,409 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Voyager Technologies in the second quarter valued at $42,593,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Voyager Technologies in the third quarter valued at $27,820,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Voyager Technologies by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock valued at $24,073,000 after buying an additional 5,225 shares during the period.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.