Wedbush Upgrades Voyager Technologies (NYSE:VOYG) to “Strong-Buy”

Voyager Technologies (NYSE:VOYG) was upgraded by stock analysts at Wedbush to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on VOYG. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target for the company. BTIG Research initiated coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective for the company. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Jefferies Financial Group lifted their target price on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $55.00 price target on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Voyager Technologies Stock Performance

Voyager Technologies stock opened at $34.14 on Tuesday. The stock’s 50 day moving average price is $36.69 and its 200 day moving average price is $31.35. The firm has a market capitalization of $1.83 billion and a PE ratio of -12.28. 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 has a one year low of $17.41 and a one year high of $52.40.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $35.25 million during the quarter. The business’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Voyager Technologies will post -3.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the fourth quarter valued at $26,000. Osaic Holdings Inc. bought a new stake in shares of Voyager Technologies in the 2nd quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd bought a new position in Voyager Technologies in the 4th quarter worth about $28,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Voyager Technologies in the third quarter valued at approximately $34,000.

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.