Voyager Technologies (NYSE:VOYG) Stock Dropped to “Strong Sell” by Wall Street Zen

Wall Street Zen cut shares of Voyager Technologies (NYSE:VOYG) from a sell rating to a strong sell rating in a report published on Monday morning,Wall Street Zen reports.

VOYG has been the topic of several other research reports. Weiss Ratings downgraded Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. TD Cowen reduced their price target on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Friday. Citigroup boosted 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. Morgan Stanley reiterated an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of Voyager Technologies in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.30.

Voyager Technologies Stock Performance

Shares of VOYG stock opened at $27.13 on Monday. The firm’s 50 day moving average is $34.95 and its 200 day moving average is $33.46. The stock has a market capitalization of $1.58 billion, a P/E ratio of -11.60 and a beta of 4.44. Voyager Technologies has a 12 month low of $17.41 and a 12 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.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter in the prior year, the firm posted ($1.23) earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts anticipate that Voyager Technologies will post -3.34 earnings per share for the current year.

Insider Buying and Selling

In related news, President Matthew Kuta sold 199,807 shares of the business’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 completion of the transaction, the president 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its position 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 valued at $74,404,000 after purchasing an additional 650,531 shares in the last quarter. Tema ETFs LLC raised its position in shares of Voyager Technologies by 125,688.6% in the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after buying an additional 1,352,409 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Voyager Technologies in the second quarter worth $42,593,000. Janus Henderson Group PLC boosted its stake in Voyager Technologies by 0.5% during the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock valued at $24,073,000 after buying an additional 5,225 shares during the period. Finally, Readystate Asset Management LP boosted its stake 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 valued at $13,231,000 after buying an additional 384,028 shares during the period.

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.