Voyager Technologies (NYSE:VOYG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Voyager Technologies (NYSE:VOYG) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Several other analysts have also recently issued reports on the company. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a research report on Wednesday, August 5th. Citigroup boosted their price objective on Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wedbush assumed coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, BTIG Research assumed coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.20.

Voyager Technologies Trading Down 0.2%

Shares of NYSE VOYG opened at $33.86 on Friday. The stock has a fifty day simple moving average of $33.12 and a 200-day simple moving average of $32.61. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. 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 capitalization of $1.97 billion, a PE ratio of -14.47 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter last year, the business earned ($1.23) earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that Voyager Technologies will post -3.48 earnings per share for the current year.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the transaction, the president directly owned 187,758 shares of the company’s stock, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new position in Voyager Technologies during the 2nd quarter worth approximately $40,000. New York State Common Retirement Fund purchased a new position in shares of Voyager Technologies during the second quarter worth approximately $146,000. Squarepoint Ops LLC acquired a new position in shares of Voyager Technologies in the 2nd quarter valued at $7,501,000. Alliancebernstein L.P. purchased a new stake in Voyager Technologies in the 2nd quarter valued at $24,720,000. Finally, Raymond James Financial Inc. purchased a new stake in Voyager Technologies in the 2nd quarter valued at $105,000.

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.