Voyager Technologies (NYSE:VOYG) Stock Gets Price Target Trim from Citigroup

Voyager Technologies (NYSE:VOYG) had its target price lowered by investment analysts at Citigroup from $54.00 to $41.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price indicates a potential upside of 46.83% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. KeyCorp cut their target price on shares of Voyager Technologies from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, November 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research report on Tuesday, October 6th. Weiss Ratings downgraded Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Finally, BTIG Research decreased their target price on Voyager Technologies from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.90.

Voyager Technologies Stock Performance

NYSE VOYG traded up $0.02 on Tuesday, hitting $27.92. 563,928 shares of the stock were exchanged, compared to its average volume of 1,893,635. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.93 and a quick ratio of 3.72. The business’s fifty day moving average is $29.57 and its 200 day moving average is $31.51. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The company has a market capitalization of $1.57 billion, a PE ratio of -9.42 and a beta of 4.49.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.02). The firm had revenue of $88.72 million during the quarter. Voyager Technologies had a negative net margin of 78.96% and a negative return on equity of 42.47%. Voyager Technologies’s revenue for the quarter was up 124.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) earnings per share. Research analysts anticipate that Voyager Technologies will post -3.37 EPS for the current fiscal year.

Institutional Trading of Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fulcrum Asset Management LLP acquired a new position in Voyager Technologies in the 3rd quarter valued at $28,000. Versant Capital Management Inc increased its position in Voyager Technologies by 66.9% during the 3rd 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. Johnson Financial Group Inc. bought a new position in Voyager Technologies during the 1st quarter worth $42,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Voyager Technologies during the second quarter worth $46,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Voyager Technologies by 850.5% during the third quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after buying an additional 1,548 shares in the last quarter.

Voyager Technologies Company Profile

Voyager Technologies is a space and defense technology company that develops and provides products and services for government and commercial customers. Its work spans national security, space infrastructure and exploration, including technologies and mission support for activities in orbit. Through its space business, Voyager provides services such as payload integration and deployment, research support and access to the International Space Station. Its Nanoracks business has supported commercial use of the station, including through the Bishop Airlock.