Voyager Technologies, Inc. (NYSE:VOYG) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Voyager Technologies, Inc. (NYSE:VOYG) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $44.20.

A number of equities research analysts have commented on VOYG shares. Wedbush started coverage on Voyager Technologies in a report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 target price on the stock. BTIG Research initiated coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective on the stock. Citigroup increased their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Tuesday. Finally, Morgan Stanley restated an “underweight” rating and issued a $37.00 target price on shares of Voyager Technologies in a report on Wednesday, August 5th.

Insider Buying and Selling at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the transaction, the president owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VOYG. Readystate Asset Management LP lifted its position in Voyager Technologies by 1,464.5% during the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after buying an additional 384,028 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Voyager Technologies in the 1st quarter valued at about $565,000. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 177,842 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Voyager Technologies during the 2nd quarter valued at about $42,593,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock worth $74,404,000 after acquiring an additional 650,531 shares during the period.

Voyager Technologies Stock Performance

Shares of VOYG opened at $30.90 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.80 billion, a P/E ratio of -13.21 and a beta of 4.44. The company has a 50-day moving average of $34.70 and a two-hundred day moving average of $33.42. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business had revenue of $52.75 million for the quarter. During the same quarter in the prior year, the company earned ($1.23) earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, research analysts predict that Voyager Technologies will post -3.48 EPS for the current fiscal year.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.