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 report issued on Saturday morning,Wall Street Zen reports.

Several other research firms also recently commented on VOYG. TD Cowen decreased their price objective on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Citigroup boosted their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 target price on shares of Voyager Technologies in a report on Tuesday, October 6th. Finally, Morgan Stanley decreased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.20.

Voyager Technologies Stock Performance

Shares of NYSE:VOYG opened at $24.74 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The business has a 50-day simple moving average of $32.37 and a two-hundred day simple moving average of $31.89. 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 issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share 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 net margin of 78.61% and a negative return on equity of 27.31%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.23) EPS. Equities research analysts forecast that Voyager Technologies will post -3.37 EPS for the current fiscal year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies 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 value of $8,585,706.79. Following the sale, the president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in shares of Voyager Technologies by 850.5% in the third quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after buying an additional 1,548 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Voyager Technologies by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after acquiring an additional 361 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 in the last quarter. Tidal Investments LLC bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $42,593,000. Finally, Archford Capital Strategies LLC bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $421,000.

About Voyager Technologies

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.