Voyager Technologies, Inc. (NYSE:VOYG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $44.9167.

Several equities research analysts have commented on VOYG shares. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup increased their target price on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Wedbush increased their target price on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, Wolfe Research reiterated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $37.61 on Monday. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The company’s 50 day moving average is $36.47 and its 200 day moving average is $30.90. The company has a market cap of $2.01 billion and a PE ratio of -13.53.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The business had revenue of $35.25 million for the quarter. The business’s revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Voyager Technologies will post -3.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in Voyager Technologies in the 2nd quarter valued at $40,000. New York State Common Retirement Fund purchased a new position in Voyager Technologies in the 2nd quarter valued at $146,000. Squarepoint Ops LLC purchased a new position in Voyager Technologies in the 2nd quarter valued at $7,501,000. Alliancebernstein L.P. purchased a new position in Voyager Technologies in the 2nd quarter valued at $24,720,000. Finally, Raymond James Financial Inc. purchased a new position in Voyager Technologies in the 2nd quarter valued at $105,000.

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.