Voyager Technologies (NYSE:VOYG) Trading Down 7.3% After Analyst Downgrade

Voyager Technologies, Inc. (NYSE:VOYG) traded down 7.3% during mid-day trading on Wednesday after Morgan Stanley downgraded the stock from an equal weight rating to an underweight rating. Morgan Stanley now has a $39.00 price target on the stock. Voyager Technologies traded as low as $27.23 and last traded at $27.6190. Approximately 1,748,218 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 1,941,486 shares. The stock had previously closed at $29.78.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen initiated coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating for the company. Jefferies Financial Group upped their price target on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Wedbush started coverage on Voyager Technologies in a research report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective for the company. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company assumed coverage on Voyager Technologies in a research report on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in Voyager Technologies during the 2nd quarter worth $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the 4th quarter valued at approximately $26,000. Osaic Holdings Inc. acquired a new stake in shares of Voyager Technologies in the second quarter worth $40,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies in the fourth quarter worth $28,000. Finally, Ameritas Investment Partners Inc. bought a new position in Voyager Technologies during the third quarter worth $34,000.

Voyager Technologies Trading Down 7.2%

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 stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of -9.92. The company’s 50 day moving average is $37.38 and its 200 day moving average is $31.70.

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

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.