Voyager Technologies’ (VOYG) “Underweight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of Voyager Technologies (NYSE:VOYG) in a report released on Wednesday, Marketbeat.com reports. The firm currently has a $39.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup boosted their target price on Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. decreased their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. BTIG Research initiated coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target on the stock. TD Cowen started coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.64.

Voyager Technologies Stock Down 11.0%

Shares of VOYG opened at $26.50 on Wednesday. The company’s 50-day moving average price is $37.38 and its 200 day moving average price is $31.69. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40. 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 firm has a market cap of $1.42 billion and a P/E ratio of -9.53.

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

Hedge Funds Weigh In On Voyager Technologies

Institutional investors have recently made changes to their positions in the stock. Senvest Management LLC boosted its holdings in shares of Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Voyager Technologies by 88.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock valued at $89,342,000 after purchasing an additional 1,600,540 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Voyager Technologies by 23.7% during the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock valued at $52,741,000 after buying an additional 386,010 shares during the period. Tema ETFs LLC increased its holdings in shares of Voyager Technologies by 125,688.6% during the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after buying an additional 1,352,409 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after buying an additional 256,499 shares during the period.

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.