Voyager Technologies, Inc. (NYSE:VOYG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Voyager Technologies, Inc. (NYSE:VOYG) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $43.6364.

Several research analysts recently weighed in on VOYG shares. TD Cowen initiated coverage on Voyager Technologies in a research note on Monday, April 20th. They set a “buy” rating on the stock. BTIG Research began coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price for the company. Jefferies Financial Group increased their price target on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Citigroup boosted their price target on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th.

Voyager Technologies Price Performance

VOYG stock opened at $26.32 on Friday. The company’s fifty day moving average price is $36.78 and its 200-day moving average price is $31.65. Voyager Technologies has a one year low of $17.41 and a one year high of $52.40. The company has a market capitalization of $1.41 billion and a PE ratio of -9.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. The firm 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%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Tema ETFs LLC increased its stake in shares of Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after acquiring an additional 1,352,409 shares during the last quarter. World Equity Group Inc. raised its position in Voyager Technologies by 1.1% in the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after purchasing an additional 400 shares during the period. Bank of America Corp DE raised its holdings in shares of Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after buying an additional 177,842 shares during the period. Janus Henderson Group PLC lifted its position in shares of Voyager Technologies by 0.5% during the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after purchasing an additional 5,225 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Voyager Technologies by 11.0% during the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after buying an additional 1,744 shares in the last quarter.

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.