Voyager Technologies (NYSE:VOYG) Shares Gap Up – Should You Buy?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) gapped up before the market opened on Monday . The stock had previously closed at $34.44, but opened at $36.20. Voyager Technologies shares last traded at $36.4990, with a volume of 528,157 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VOYG shares. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. TD Cowen started coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They set a “buy” rating for the company. Wells Fargo & Company assumed coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target for the company. Citigroup restated a “buy” rating on shares of Voyager Technologies in a research report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.64.

Voyager Technologies Price Performance

The company has a market capitalization of $1.97 billion and a price-to-earnings ratio of -13.13. The company’s 50 day simple moving average is $28.07 and its 200-day simple moving average is $27.45. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.14. The company had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in shares of Voyager Technologies during the third quarter worth about $2,318,000. Vanderbilt University bought a new position in shares of Voyager Technologies during the fourth quarter worth about $3,579,000. Comerica Bank lifted its position in shares of Voyager Technologies by 44,598.9% during the fourth quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after purchasing an additional 40,139 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Voyager Technologies during the fourth quarter worth about $7,334,000. Finally, Penserra Capital Management LLC bought a new position in shares of Voyager Technologies during the third quarter worth about $3,544,000.

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.