Voyager Technologies (NYSE:VOYG) Stock Bumped Up to Sell by Wall Street Zen

Wall Street Zen upgraded shares of Voyager Technologies (NYSE:VOYG) from a strong sell rating to a sell rating in a report published on Sunday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. BTIG Research started coverage on Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a report on Sunday, August 9th. Morgan Stanley restated an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Voyager Technologies in a report on Tuesday, September 22nd. Finally, Wedbush began coverage on shares of Voyager Technologies in a research note on Wednesday, July 1st. They set an “outperform” rating and a $46.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.20.

Voyager Technologies Price Performance

Shares of VOYG stock opened at $30.98 on Friday. The firm has a fifty day moving average of $34.52 and a two-hundred day moving average of $33.39. The firm has a market cap of $1.80 billion, a P/E ratio of -13.24 and a beta of 4.44. 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.

Voyager Technologies (NYSE:VOYG) last issued its 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 for the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.23) EPS. As a group, research analysts anticipate that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

Insider Activity at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the company’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 directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in 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 buying an additional 650,531 shares during the last quarter. Tema ETFs LLC boosted its holdings in shares of Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after acquiring an additional 1,352,409 shares during the period. Tidal Investments LLC acquired a new position in shares of Voyager Technologies during the second quarter valued at $42,593,000. Capital International Investors grew its position in shares of Voyager Technologies by 93.4% during the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock worth $27,007,000 after acquiring an additional 498,963 shares during the last quarter. Finally, Janus Henderson Group PLC increased 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 worth $24,073,000 after acquiring an additional 5,225 shares during the period.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.