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

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $45.20.

A number of equities research analysts recently commented on VOYG shares. Wedbush began coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective for 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. Citigroup lifted their target price on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. BTIG Research initiated coverage on Voyager Technologies in a research note on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $65.00 target price on shares of Voyager Technologies in a research note on Sunday, August 9th.

Voyager Technologies Stock Performance

NYSE VOYG opened at $33.86 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of -14.47 and a beta of 4.39. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $52.40. The company has a fifty day moving average of $33.05 and a two-hundred day moving average of $32.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72.

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

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the business’s stock in a transaction that occurred on 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 transaction, the president owned 187,758 shares in the company, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company’s stock.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently bought and sold shares of the stock. Senvest Management LLC increased its position 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 purchasing an additional 884,962 shares during the period. Alyeska Investment Group L.P. increased its stake in Voyager Technologies by 88.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock valued at $89,342,000 after buying an additional 1,600,540 shares during the period. Wellington Management Group LLP raised its stake in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock worth $74,404,000 after purchasing an additional 650,531 shares in the last quarter. Tema ETFs LLC raised its holdings in shares of Voyager Technologies by 125,688.6% during the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after purchasing an additional 1,352,409 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after purchasing an additional 256,499 shares during the last quarter.

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.