Voyager Technologies, Inc. (NYSE:VOYG) Receives $41.36 Consensus Price Target from Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.5455.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Wedbush upped their price target on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen assumed coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating on the stock. Wells Fargo & Company assumed coverage on Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. Finally, Jefferies Financial Group upped their price target on Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a report on Monday.

Voyager Technologies Trading Down 4.1%

Voyager Technologies stock opened at $47.50 on Thursday. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $31.83 and its two-hundred day simple moving average is $28.77. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $73.95. The company has a market capitalization of $2.54 billion and a price-to-earnings ratio of -17.09.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.14. The business had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.Voyager Technologies’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Voyager Technologies will post -3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VOYG. Comerica Bank increased its position in Voyager Technologies by 44,598.9% in the fourth quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after buying an additional 40,139 shares in the last quarter. Vanderbilt University purchased a new stake in Voyager Technologies in the fourth quarter worth about $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Voyager Technologies in the fourth quarter worth about $7,334,000. Penserra Capital Management LLC purchased a new stake in Voyager Technologies in the third quarter worth about $3,544,000. Finally, Compass Wealth Management LLC purchased a new stake in Voyager Technologies in the third quarter worth about $2,318,000.

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.