Voyager Technologies (NYSE:VOYG) Stock Gets Downgrade from Wall Street Zen

Voyager Technologies (NYSE:VOYG) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Several other analysts also recently issued reports on VOYG. Morgan Stanley decreased their price objective on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Weiss Ratings lowered Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. TD Cowen cut 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 increased their price target on Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $55.00 price target on shares of Voyager Technologies in a research note on Tuesday, October 6th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $43.70.

Voyager Technologies Trading Down 7.3%

VOYG stock opened at $24.50 on Friday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -10.47 and a beta of 4.44. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The firm’s fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $31.75.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, November 2nd. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($0.02). The firm had revenue of $88.72 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The company’s revenue was up 124.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.28) EPS. As a group, analysts anticipate that Voyager Technologies will post -3.37 earnings per share for the current year.

Insider Activity at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the firm’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 transaction, the president directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Voyager Technologies in the third quarter valued at about $27,820,000. Sterling Capital Management LLC lifted its stake in Voyager Technologies by 850.5% in the third 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. Farther Finance Advisors LLC grew its holdings in Voyager Technologies by 24.6% during 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. Versant Capital Management Inc grew its holdings 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 acquiring an additional 440 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Voyager Technologies during the 2nd quarter worth about $42,593,000.

Voyager Technologies Company Profile

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.