Voyager Technologies (NYSE:VOYG) Stock Gets Price Target Trim from Citigroup

Voyager Technologies (NYSE:VOYG) had its target price reduced by Citigroup from $54.00 to $41.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. KeyCorp cut their target price on shares of Voyager Technologies from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. TD Cowen lowered their target price on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 9th. Weiss Ratings cut Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Morgan Stanley cut their price target on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Finally, BTIG Research cut their price target on Voyager Technologies from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.90.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $27.79 on Tuesday. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $52.40. The company’s fifty day moving average is $29.30 and its two-hundred day moving average is $31.42. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.93 and a quick ratio of 2.88.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, November 2nd. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.02). Voyager Technologies had a negative net margin of 78.96% and a negative return on equity of 42.47%. The business had revenue of $88.72 million during the quarter. During the same period in the previous year, the business earned ($0.28) earnings per share. The business’s revenue for the quarter was up 124.1% on a year-over-year basis. Equities research analysts forecast that Voyager Technologies will post -3.30 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new stake in shares of Voyager Technologies in the third quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Voyager Technologies by 66.9% during the third quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Voyager Technologies during the first quarter worth approximately $42,000. Integrated Wealth Concepts LLC acquired a new position in shares of Voyager Technologies during the second quarter worth approximately $46,000. Finally, Sterling Capital Management LLC grew its holdings in Voyager Technologies by 850.5% in the 3rd 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.

About Voyager Technologies

Voyager Technologies is a space and defense technology company that develops and provides products and services for government and commercial customers. Its work spans national security, space infrastructure and exploration, including technologies and mission support for activities in orbit. Through its space business, Voyager provides services such as payload integration and deployment, research support and access to the International Space Station. Its Nanoracks business has supported commercial use of the station, including through the Bishop Airlock.