Voyager Technologies, Inc. (NYSE:VOYG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $44.9167.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Wall Street Zen cut Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. Wells Fargo & Company assumed coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective for the company. Finally, Wedbush boosted their price objective on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 29th.

Institutional Investors Weigh In On Voyager Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOYG. Federation des caisses Desjardins du Quebec purchased a new stake in Voyager Technologies in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Voyager Technologies during the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. purchased a new stake in shares of Voyager Technologies during the fourth quarter worth approximately $33,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies during the third quarter worth approximately $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Voyager Technologies during the third quarter worth approximately $35,000.

Voyager Technologies Price Performance

VOYG stock opened at $29.21 on Monday. The business has a 50 day moving average price of $36.62 and a 200 day moving average price of $31.19. The stock has a market cap of $1.56 billion and a price-to-earnings ratio of -10.51. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last posted its earnings results 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. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million during the quarter. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Voyager Technologies will post -3.48 earnings per share 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.