Voyager Technologies, Inc. (NYSE:VOYG) Stock Has Consensus Price Target of $44.20 According to Brokerages

Voyager Technologies, Inc. (NYSE:VOYG) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $44.20.

Several equities analysts have recently commented on VOYG shares. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Tuesday, October 6th. Morgan Stanley dropped their target price on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating for the company in a research report on Friday, October 16th. Wall Street Zen upgraded Voyager Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday. Wedbush began coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Finally, Citigroup increased their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th.

Voyager Technologies Price Performance

VOYG stock opened at $25.07 on Friday. The firm has a 50 day simple moving average of $32.18 and a two-hundred day simple moving average of $33.45. The stock has a market cap of $1.46 billion, a PE ratio of -10.71 and a beta of 4.44. Voyager Technologies has a one year low of $17.41 and a one year high of $52.40. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm had revenue of $52.75 million for the quarter. During the same quarter last year, the business posted ($1.23) EPS. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Voyager Technologies will post -3.37 EPS 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 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 completion of the sale, the president 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Hedge Funds Weigh In On Voyager Technologies

A number of large investors have recently added to or reduced their stakes in the business. Tema ETFs LLC boosted its stake in shares of Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after purchasing an additional 1,352,409 shares during the period. Tidal Investments LLC bought a new position in shares of Voyager Technologies in the second quarter worth approximately $42,593,000. Wellington Management Group LLP grew its holdings in shares of Voyager Technologies by 39.3% in the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock worth $74,404,000 after purchasing an additional 650,531 shares during the last quarter. Readystate Asset Management LP increased its stake 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 worth $13,231,000 after buying an additional 384,028 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Voyager Technologies by 66.7% in the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock worth $10,395,000 after buying an additional 177,842 shares during the period.

Voyager Technologies Company Profile

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.