Voyager Technologies (NYSE:VOYG) Stock Gets Price Target Trim from KeyCorp

Voyager Technologies (NYSE:VOYG – Free Report) had its target price cut by KeyCorp from $50.00 to $40.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently commented on VOYG. Wall Street Zen cut Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday. Citigroup lifted their price target on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Voyager Technologies in a report on Tuesday, October 6th. Weiss Ratings downgraded Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Finally, Morgan Stanley dropped their price objective on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.20.

Check Out Our Latest Research Report on Voyager Technologies

Voyager Technologies Price Performance

Shares of NYSE VOYG opened at $22.99 on Monday. 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 company’s fifty day moving average price is $30.20 and its 200 day moving average price is $31.65. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $52.40.

Voyager Technologies (NYSE:VOYG – Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.02). The firm had revenue of $88.72 million during the quarter. Voyager Technologies had a negative net margin of 78.96% and a negative return on equity of 41.56%. The business’s quarterly revenue was up 124.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.28) earnings per share. Equities analysts forecast that Voyager Technologies will post -3.37 earnings per share for the current fiscal year.

Insider Activity

In other news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president owned 187,758 shares in the company, valued at $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VOYG. Farther Finance Advisors LLC increased its stake in Voyager Technologies by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after buying an additional 361 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after acquiring an additional 376 shares during the last quarter. World Equity Group Inc. lifted its position in shares of Voyager Technologies by 1.1% in the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after acquiring an additional 400 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Voyager Technologies by 66.9% in the third quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after acquiring an additional 440 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Voyager Technologies by 18.8% in the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after acquiring an additional 481 shares in the last quarter.

Key Headlines Impacting Voyager Technologies

Here are the key news stories impacting Voyager Technologies this week:

Voyager Technologies Company Profile

(Get Free Report)

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.

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Analyst Recommendations for Voyager Technologies (NYSE:VOYG)

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