Voyager Technologies (NYSE:VOYG) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $36.00 price objective on the stock.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Wedbush restated an “outperform” rating and set a $46.00 price objective on shares of Voyager Technologies in a research note on Friday, March 13th. Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Finally, Morgan Stanley set a $39.00 target price on Voyager Technologies in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.00.

Voyager Technologies Price Performance

VOYG opened at $23.74 on Monday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The firm has a market cap of $1.27 billion and a price-to-earnings ratio of -5.48. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $27.81 and a 200 day simple moving average of $28.03.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.01). The firm had revenue of $46.65 million during the quarter. Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The company’s revenue for the quarter was up 23.7% on a year-over-year basis.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently modified their holdings of VOYG. Alyeska Investment Group L.P. acquired a new position in Voyager Technologies in the third quarter worth about $54,119,000. Wellington Management Group LLP raised its stake in Voyager Technologies by 653.9% during the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after buying an additional 1,415,192 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Voyager Technologies during the 2nd quarter worth approximately $38,997,000. Senvest Management LLC grew its position in shares of Voyager Technologies by 29.3% in the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after acquiring an additional 884,962 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Voyager Technologies in the 2nd quarter worth approximately $24,720,000.

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.