Voyager Technologies (NYSE:VOYG) Raised to Sell at Wall Street Zen

Voyager Technologies (NYSE:VOYG) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

VOYG has been the topic of a number of other reports. BTIG Research started coverage on Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a research report on Sunday, August 9th. Wedbush started coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Voyager Technologies in a research note on Tuesday, September 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 price target on shares of Voyager Technologies in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.20.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock opened at $30.23 on Friday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -12.92 and a beta of 4.44. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The company’s fifty day moving average is $34.60 and its 200 day moving average is $33.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $52.75 million during the quarter. During the same period in the prior year, the business earned ($1.23) earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts forecast that Voyager Technologies will post -3.48 EPS for the current year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the completion of the sale, the president directly owned 187,758 shares of the company’s stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of VOYG. Versant Capital Management Inc grew its position in Voyager Technologies by 66.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Voyager Technologies during the second quarter worth $46,000. Johnson Financial Group Inc. bought a new position in shares of Voyager Technologies in the first quarter valued at $42,000. Royal Bank of Canada grew its holdings in shares of Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after buying an additional 481 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies during the fourth quarter valued at about $82,000.

Voyager Technologies Company Profile

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.