Voyager Technologies (NYSE:VOYG) Upgraded at Wedbush

Wedbush upgraded shares of Voyager Technologies (NYSE:VOYG) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup increased their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price on the stock. BTIG Research initiated coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 price target on the stock. Finally, Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

Voyager Technologies Trading Up 1.0%

Shares of VOYG stock opened at $34.14 on Tuesday. 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 company has a market cap of $1.83 billion and a price-to-earnings ratio of -12.28. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $52.40. The firm has a fifty day moving average price of $36.69 and a 200-day moving average price of $31.35.

Voyager Technologies (NYSE:VOYG) last released its 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 company had revenue of $35.25 million for the quarter. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts predict that Voyager Technologies will post -3.58 earnings per share for the current year.

Institutional Investors Weigh In On Voyager Technologies

Several large investors have recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after buying an additional 376 shares during the last quarter. Royal Bank of Canada increased its stake 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 acquiring an additional 481 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after acquiring an additional 757 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Voyager Technologies by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after acquiring an additional 882 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $40,000.

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.