Citigroup Initiates Coverage on Voyager Technologies (NYSE:VOYG)

Citigroup assumed coverage on shares of Voyager Technologies (NYSE:VOYG) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 53.51% from the stock’s current price.

Several other equities research analysts have also weighed in on VOYG. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a report on Friday, January 16th. Wedbush restated an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a research report on Friday, March 13th. Finally, Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.89.

Voyager Technologies Price Performance

Voyager Technologies stock opened at $23.45 on Monday. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.25 billion and a P/E ratio of -5.42. The business has a 50-day moving average of $27.98 and a 200-day moving average of $28.06. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $73.95.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $46.65 million during the quarter. The business’s quarterly revenue was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec acquired a new position in shares of Voyager Technologies in the fourth quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC bought a new stake in Voyager Technologies in the 2nd quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies in the 4th quarter valued at $28,000. Sunbelt Securities Inc. acquired a new position in Voyager Technologies in the 4th quarter worth $33,000. Finally, Ameritas Investment Partners Inc. bought a new position in Voyager Technologies during the 3rd quarter worth about $34,000.

About Voyager Technologies

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.