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

Equities research analysts at BTIG Research started coverage on shares of Voyager Technologies (NYSE:VOYG) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $55.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 33.04% from the stock’s previous close.

Several other analysts have also issued reports on VOYG. Jefferies Financial Group upped their target price on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. TD Cowen began coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Voyager Technologies in a research note on Tuesday. Wedbush upped their target price on Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.92.

Voyager Technologies Stock Up 4.7%

VOYG stock opened at $41.34 on Thursday. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $34.52 and its 200 day moving average is $29.97. The stock has a market cap of $2.21 billion and a price-to-earnings ratio of -14.87. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $73.95.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share 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% compared to the same quarter last year. Sell-side analysts predict that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its holdings in Voyager Technologies by 0.8% in the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after purchasing an additional 376 shares in the last quarter. Royal Bank of Canada raised its holdings in Voyager Technologies by 18.8% in the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after purchasing an additional 481 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Voyager Technologies by 18.4% in the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after purchasing an additional 685 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Voyager Technologies by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after purchasing an additional 757 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Voyager Technologies by 33.8% in the fourth quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after purchasing an additional 882 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.