Voyager Technologies, Inc. (NYSE:VOYG) Stock Has Average Target Price of $44.20 According to Analysts

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

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their price objective on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, October 16th. TD Cowen reduced their target price on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Citigroup boosted their target price on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded Voyager Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Wedbush assumed coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price target for the company.

Voyager Technologies Stock Performance

Voyager Technologies stock opened at $25.07 on Friday. 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 firm has a 50-day moving average of $32.18 and a 200-day moving average of $33.45. The firm has a market cap of $1.46 billion, a P/E ratio of -10.71 and a beta of 4.44. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $52.40.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The company had revenue of $52.75 million for the quarter. During the same period in the previous year, the business earned ($1.23) earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Voyager Technologies will post -3.37 EPS for the current year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the business’s stock in a transaction 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 directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Investors Weigh In On Voyager Technologies

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in Voyager Technologies by 66.9% in the third quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after buying an additional 440 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Voyager Technologies during the 2nd quarter valued at approximately $46,000. Sterling Capital Management LLC grew its holdings in shares of Voyager Technologies by 850.5% during the 3rd quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after acquiring an additional 1,548 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Voyager Technologies during the 1st quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC raised its position in shares of Voyager Technologies by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after acquiring an additional 361 shares in the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.