Voyager Technologies (NYSE:VOYG) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Voyager Technologies (NYSE:VOYG – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Citigroup upped their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley cut their price target on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday, October 16th. Wedbush assumed coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, TD Cowen lowered their price objective on shares of Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Voyager Technologies presently has an average rating of “Moderate Buy” and an average price target of $44.20.

Read Our Latest Report on Voyager Technologies

Voyager Technologies Stock Performance

NYSE VOYG opened at $25.07 on Friday. The business’s 50-day moving average price is $32.18 and its 200 day moving average price is $33.49. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The company has a market capitalization of $1.46 billion, a PE ratio of -10.71 and a beta of 4.44.

Voyager Technologies (NYSE:VOYG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The firm had revenue of $52.75 million for the quarter. During the same period in the previous year, the business posted ($1.23) earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, research analysts predict that Voyager Technologies will post -3.37 earnings per share for the current year.

Insider Buying and Selling

In related news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Investors Weigh In On Voyager Technologies

Several institutional investors have recently bought and sold shares of VOYG. Tema ETFs LLC grew its stake in shares of Voyager Technologies by 125,688.6% in the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after buying an additional 1,352,409 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $42,593,000. Wellington Management Group LLP lifted its position 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 acquiring an additional 650,531 shares in the last quarter. Readystate Asset Management LP lifted its position in Voyager Technologies by 1,464.5% during the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after acquiring an additional 384,028 shares in the last quarter. Finally, Bank of America Corp DE boosted 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 acquiring an additional 177,842 shares during the period.

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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