Analysts Set Voyager Technologies, Inc. (NYSE:VOYG) Target Price at $44.88

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.8750.

Several brokerages recently issued reports on VOYG. Wedbush restated an “outperform” rating and set a $46.00 target price on shares of Voyager Technologies in a research report on Friday, March 13th. Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a research note on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. JPMorgan Chase & Co. assumed coverage on Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price objective for the company. Finally, Zacks Research cut Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th.

Voyager Technologies Trading Down 4.3%

Shares of NYSE:VOYG opened at $27.80 on Friday. The stock’s 50-day simple moving average is $29.46 and its two-hundred day simple moving average is $28.35. The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of -6.42. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $73.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The business had revenue of $46.65 million for the quarter. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $28,000. Legal & General Group Plc bought a new stake in Voyager Technologies during the 2nd quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec purchased a new position in Voyager Technologies during the fourth quarter valued at approximately $26,000. Osaic Holdings Inc. bought a new position in shares of Voyager Technologies in the second quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Voyager Technologies in the fourth quarter worth approximately $28,000.

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.