Wedbush Upgrades Voyager Technologies (NYSE:VOYG) to “Strong-Buy”

Voyager Technologies (NYSE:VOYG) was upgraded by equities researchers at Wedbush to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Wolfe Research reissued an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. TD Cowen started coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. Finally, BTIG Research initiated coverage on Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.75.

Voyager Technologies Price Performance

Voyager Technologies stock opened at $34.14 on Tuesday. The stock has a market capitalization of $1.83 billion and a P/E ratio of -12.28. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The firm’s 50-day moving average is $36.69 and its two-hundred day moving average is $31.35.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, beating 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 during the quarter. Voyager Technologies’s revenue was up .1% compared to the same quarter last year. Equities analysts predict that Voyager Technologies will post -3.58 earnings per share for the current year.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new stake in Voyager Technologies during the 3rd quarter worth approximately $54,119,000. Wellington Management Group LLP increased its position in shares of Voyager Technologies by 653.9% in the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after acquiring an additional 1,415,192 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies in the 2nd quarter valued at $38,997,000. Senvest Management LLC lifted its holdings in shares of Voyager Technologies by 29.3% during the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after acquiring an additional 884,962 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Voyager Technologies during the 2nd quarter worth $24,720,000.

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.