Voyager Technologies (NYSE:VOYG) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company initiated coverage on shares of Voyager Technologies (NYSE:VOYG) in a research note issued to investors on Wednesday. The firm set an “underweight” rating and a $21.00 price target on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 10.46% from the company’s current price.

Several other equities analysts also recently commented on the company. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of Voyager Technologies in a report on Friday, March 13th. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research note on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Citigroup started coverage on shares of Voyager Technologies in a research note on Monday. They set a “buy” rating and a $36.00 price target on the stock. Finally, Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

Voyager Technologies Trading Up 6.9%

Shares of NYSE VOYG opened at $23.45 on Wednesday. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95. The business has a 50-day moving average price of $27.98 and a two-hundred day moving average price of $28.06. The firm has a market capitalization of $1.25 billion and a PE ratio of -5.42.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.01). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The company had revenue of $46.65 million during the quarter. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its holdings in shares of Voyager Technologies by 18.4% during the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock valued at $131,000 after acquiring an additional 685 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Voyager Technologies during the 2nd quarter valued at about $28,000. Ameriprise Financial Inc. boosted its position in Voyager Technologies by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after buying an additional 757 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Voyager Technologies by 33.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after buying an additional 882 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Voyager Technologies in the second quarter valued at approximately $40,000.

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.