Voyager Technologies (NYSE:VOYG) Earns Outperform Rating from Wedbush

Voyager Technologies (NYSE:VOYG)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a note issued to investors on Friday,Benzinga reports. They currently have a $46.00 price objective on the stock. Wedbush’s price target would indicate a potential upside of 39.26% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.64.

Voyager Technologies Stock Performance

VOYG stock opened at $33.03 on Friday. The company has a market capitalization of $1.76 billion and a P/E ratio of -7.63. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $73.95. The company has a 50-day simple moving average of $27.21 and a 200 day simple moving average of $27.96.

Voyager Technologies (NYSE:VOYG) last posted 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 business 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 business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in Voyager Technologies during the 2nd quarter worth $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies in the fourth quarter valued at approximately $26,000. Osaic Holdings Inc. bought a new position in shares of Voyager Technologies during the second quarter worth $40,000. Caitong International Asset Management Co. Ltd bought a new position in Voyager Technologies during the fourth quarter worth about $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies in the third quarter worth about $34,000.

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.