Voyager Technologies (NYSE:VOYG) Given New $36.00 Price Target at TD Cowen

Voyager Technologies (NYSE:VOYG) had its price objective cut by investment analysts at TD Cowen from $42.00 to $36.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 32.78% from the stock’s current price.

A number of other brokerages have also issued reports on VOYG. Weiss Ratings lowered shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Citigroup raised their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Voyager Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 4th. Wedbush started coverage on shares of Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Voyager Technologies Trading Down 3.8%

Shares of VOYG traded down $1.07 during mid-day trading on Friday, reaching $27.11. 245,757 shares of the company’s stock traded hands, compared to its average volume of 1,930,599. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The stock’s 50-day moving average is $34.91 and its two-hundred day moving average is $33.45. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $52.40. The stock has a market cap of $1.58 billion, a P/E ratio of -11.60 and a beta of 4.44.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. The firm had revenue of $52.75 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.Voyager Technologies’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted ($1.23) earnings per share. Research analysts forecast that Voyager Technologies will post -3.58 earnings per share for the current fiscal year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the transaction, the president owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Voyager Technologies

Hedge funds have recently modified their holdings of the business. Readystate Asset Management LP lifted its stake in shares of Voyager Technologies by 1,464.5% during the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after purchasing an additional 384,028 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Voyager Technologies during the first quarter valued at about $565,000. Bank of America Corp DE grew its stake in Voyager Technologies by 66.7% in the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after purchasing an additional 177,842 shares during the last quarter. Tidal Investments LLC bought a new position in Voyager Technologies in the second quarter worth about $42,593,000. Finally, Wellington Management Group LLP lifted its position in shares of Voyager Technologies by 39.3% during the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after buying an additional 650,531 shares during the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.