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

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

Other research analysts have also recently issued reports about the company. Citigroup raised their target price on 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 reissued an “underweight” rating and issued a $37.00 price objective on shares of Voyager Technologies in a report on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and set a $65.00 target price on shares of Voyager Technologies in a research report on Sunday, August 9th. Wolfe Research reissued an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Voyager Technologies in a report on Tuesday, September 22nd. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.20.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $31.36 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -13.40 and a beta of 4.39. The business has a 50-day simple moving average of $34.02 and a two-hundred day simple moving average of $33.26. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40.

Voyager Technologies (NYSE:VOYG) last announced its quarterly 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 firm 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 was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.23) EPS. On average, analysts expect that Voyager Technologies will post -3.48 earnings per share for the current year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction 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 transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by insiders.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. purchased a new stake in Voyager Technologies during the 1st quarter valued at approximately $42,000. Integrated Wealth Concepts LLC purchased a new stake in Voyager Technologies in the 2nd quarter worth $46,000. Royal Bank of Canada increased its holdings 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 worth $71,000 after purchasing an additional 481 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Voyager Technologies in the fourth quarter worth about $82,000. Finally, Ascentis Independent Advisors bought a new position in Voyager Technologies during the first quarter valued at approximately $105,000.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.