BTIG Research Initiates Coverage on Voyager Technologies (NYSE:VOYG)

Analysts at BTIG Research assumed coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $55.00 price target on the stock. BTIG Research’s price target points to a potential upside of 33.04% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Voyager Technologies in a report on Tuesday. Citigroup raised their price target on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 18th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, Wolfe Research restated an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Voyager Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $44.92.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $41.34 on Thursday. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $73.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The business has a fifty day moving average price of $34.52 and a 200-day moving average price of $29.97. The company has a market capitalization of $2.21 billion and a PE ratio of -14.87.

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. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million during the quarter. The business’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Voyager Technologies

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock worth $10,395,000 after buying an additional 177,842 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Voyager Technologies by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after buying an additional 5,225 shares in the last quarter. California State Teachers Retirement System increased its holdings in Voyager Technologies by 11.0% in the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after buying an additional 1,744 shares in the last quarter. Readystate Asset Management LP bought a new stake in Voyager Technologies in the 1st quarter worth about $613,000. Finally, Royal Bank of Canada increased its holdings in Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after buying an additional 481 shares in the last quarter.

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.