Voyager Technologies (NYSE:VOYG) Stock Bumped Down to “Strong Sell” by Wall Street Zen

Wall Street Zen cut shares of Voyager Technologies (NYSE:VOYG) from a sell rating to a strong sell rating in a report published on Sunday,Wall Street Zen reports.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley cut their price target on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Citigroup upped their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings lowered Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. TD Cowen cut their price objective on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.20.

Voyager Technologies Price Performance

Shares of VOYG opened at $26.37 on Friday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The firm’s 50 day moving average price is $30.93 and its 200 day moving average price is $31.79. The firm has a market cap of $1.54 billion, a PE ratio of -11.27 and a beta of 4.49. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping 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 company had revenue of $52.75 million during the quarter. During the same period in the prior year, the business earned ($1.23) earnings per share. Voyager Technologies’s revenue was up 15.4% compared to the same quarter last year. As a group, research analysts expect that Voyager Technologies will post -3.37 EPS for the current fiscal year.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president directly owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Trading of Voyager Technologies

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in 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. Johnson Financial Group Inc. acquired a new stake in shares of Voyager Technologies in the first quarter valued at $42,000. Integrated Wealth Concepts LLC acquired a new stake in Voyager Technologies during the 2nd quarter worth $46,000. Sterling Capital Management LLC increased its holdings 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 valued at $52,000 after purchasing an additional 1,548 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Voyager Technologies by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock valued at $55,000 after purchasing an additional 361 shares in the last quarter.

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.