Voyager Technologies (NYSE:VOYG) Raised to “Hold” at Zacks Research

Voyager Technologies (NYSE:VOYG) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company assumed coverage on Voyager Technologies in a report on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective for the company. Citigroup assumed coverage on Voyager Technologies in a research report on Monday, March 30th. They issued a “buy” rating and a $36.00 target price for the company. Morgan Stanley set a $39.00 target price on Voyager Technologies in a report on Friday, January 16th. Wall Street Zen raised Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday. One investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.64.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $32.72 on Wednesday. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $27.96. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $73.95. The stock has a market cap of $1.75 billion and a PE ratio of -7.55.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The company had revenue of $46.65 million for the quarter. The company’s revenue was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Several institutional investors have recently made changes to their positions in the business. Compass Wealth Management LLC purchased a new position in Voyager Technologies during the 3rd quarter valued at approximately $2,318,000. Vanderbilt University bought a new stake in shares of Voyager Technologies during the 4th quarter worth approximately $3,579,000. Penserra Capital Management LLC bought a new stake in shares of Voyager Technologies during the 3rd quarter worth approximately $3,544,000. Liberty Street Advisors Inc. raised its position in Voyager Technologies by 25.1% during the 4th quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock valued at $17,821,000 after purchasing an additional 136,925 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Voyager Technologies during the 3rd quarter valued at $1,182,000.

Voyager Technologies Company Profile

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.