Voyager Technologies (NYSE:VOYG) Upgraded at Wall Street Zen

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

Other equities analysts also recently issued research reports about the company. Wedbush began coverage on Voyager Technologies in a research report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price target for the company. BTIG Research initiated coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Voyager Technologies in a research report on Tuesday, September 22nd. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price objective on shares of Voyager Technologies in a report on Sunday, August 9th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $37.00 target price on shares of Voyager Technologies in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.20.

Voyager Technologies Price Performance

Shares of NYSE VOYG opened at $30.90 on Friday. The company has a fifty day moving average price of $34.70 and a 200 day moving average price of $33.42. The firm has a market cap of $1.80 billion, a PE ratio of -13.21 and a beta of 4.44. 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 1-year low of $17.41 and a 1-year high of $52.40.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. The company had revenue of $52.75 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.23) earnings per share. Research analysts predict that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the company’s 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 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 position. The sale 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. 27.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of Voyager Technologies by 66.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after acquiring an additional 440 shares during the period. Tidal Investments LLC bought a new stake in Voyager Technologies in the 2nd quarter valued at $42,593,000. Archford Capital Strategies LLC acquired a new stake in Voyager Technologies during the 2nd quarter valued at $421,000. Integrated Wealth Concepts LLC bought a new position in Voyager Technologies during the second quarter worth $46,000. Finally, Readystate Asset Management LP increased its holdings in shares of Voyager Technologies by 1,464.5% in the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock valued at $13,231,000 after purchasing an additional 384,028 shares during the last quarter.

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.