Wall Street Zen Upgrades Voyager Technologies (NYSE:VOYG) to Sell

Voyager Technologies (NYSE:VOYG) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

VOYG has been the subject of a number of other research reports. Citigroup increased their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wedbush began coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective on the stock. BTIG Research initiated coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a research report on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.20.

Voyager Technologies Stock Down 0.2%

Shares of VOYG opened at $33.86 on Friday. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $52.40. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The stock has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $32.56. The firm has a market cap of $1.97 billion, a P/E ratio of -14.47 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping 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 firm had revenue of $52.75 million during the quarter. During the same quarter in the previous year, the firm posted ($1.23) earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised its stake in shares of Voyager Technologies by 44,598.9% in the fourth quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after purchasing an additional 40,139 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Voyager Technologies in the 4th quarter worth about $7,334,000. Bank of America Corp DE increased its holdings 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 worth $10,395,000 after buying an additional 177,842 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Voyager Technologies in the 1st quarter worth about $565,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Voyager Technologies by 14,088.8% during the 1st quarter. Kestra Advisory Services LLC now owns 119,612 shares of the company’s stock valued at $2,798,000 after acquiring an additional 118,769 shares during the last quarter.

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.