Voyager Technologies, Inc. (NYSE:VOYG) Receives $45.20 Consensus Price Target from Brokerages

Voyager Technologies, Inc. (NYSE:VOYG) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $45.20.

A number of research analysts have recently issued reports on VOYG shares. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research report on Wednesday, August 5th. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price on the stock. Wedbush started coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Finally, Citigroup increased their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th.

Insider Activity at Voyager Technologies

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 in the company, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its position in shares of Voyager Technologies by 44,598.9% in the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after purchasing an additional 40,139 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Voyager Technologies during the 4th quarter valued at about $7,334,000. Bank of America Corp DE raised its stake in Voyager Technologies by 66.7% in the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after buying an additional 177,842 shares during the last quarter. Readystate Asset Management LP raised its stake in Voyager Technologies by 1,464.5% in 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 last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Voyager Technologies in the first quarter worth about $565,000.

Voyager Technologies Price Performance

NYSE VOYG opened at $33.76 on Friday. The company has a market cap of $1.97 billion, a PE ratio of -14.43 and a beta of 4.39. The firm’s 50 day moving average price is $33.15 and its 200-day moving average price is $32.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. The company had revenue of $52.75 million during the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned ($1.23) EPS. Sell-side analysts forecast that Voyager Technologies will post -3.48 EPS 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.