Analysts Set Voyager Technologies, Inc. (NYSE:VOYG) Target Price at $41.36

Voyager Technologies, Inc. (NYSE:VOYG) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $44.00.

Several equities research analysts recently weighed in on the company. TD Cowen assumed coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Finally, Jefferies Financial Group boosted their price objective on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday.

Voyager Technologies Price Performance

Shares of VOYG stock opened at $45.16 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The business’s 50 day moving average price is $32.66 and its 200-day moving average price is $29.13. The firm has a market cap of $2.42 billion and a P/E ratio of -16.25. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $73.95.

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

Institutional Trading of Voyager Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Voyager Technologies by 66.7% during the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after buying an additional 177,842 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Voyager Technologies by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after acquiring an additional 5,225 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Voyager Technologies by 11.0% in the first quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after acquiring an additional 1,744 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Voyager Technologies during the first quarter valued at $613,000. Finally, Royal Bank of Canada increased its holdings in shares of Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after acquiring an additional 481 shares in the last quarter.

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.