Voyager Technologies, Inc. (NYSE:VOYG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $44.9167.

A number of analysts recently issued reports on VOYG shares. BTIG Research started coverage on Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective for the company. Wells Fargo & Company started coverage on Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price objective for the company. Wolfe Research reissued an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th.

Voyager Technologies Stock Up 0.1%

Shares of VOYG opened at $37.61 on Monday. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40. The company has a market capitalization of $2.01 billion and a PE ratio of -13.53. The stock has a fifty day simple moving average of $36.47 and a two-hundred day simple moving average of $30.90. 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 (NYSE:VOYG) last issued its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. The business 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 firm’s revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Voyager Technologies will post -3.48 EPS for the current year.

Hedge Funds Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Voyager Technologies by 66.7% during the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after acquiring an additional 177,842 shares during the period. Janus Henderson Group PLC boosted its stake 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. California State Teachers Retirement System boosted its stake in shares of Voyager Technologies by 11.0% in the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock valued at $412,000 after buying an additional 1,744 shares during the period. Readystate Asset Management LP purchased a new position in shares of Voyager Technologies in the 1st quarter valued at about $613,000. Finally, Royal Bank of Canada boosted its stake in shares of Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after buying an additional 481 shares during the period.

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.