Wells Fargo & Company Begins Coverage on Voyager Technologies (NYSE:VOYG)

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

A number of other analysts have also weighed in on the stock. Citigroup began coverage on shares of Voyager Technologies in a report on Monday. They issued a “buy” rating and a $36.00 price target for the company. Morgan Stanley set a $39.00 price objective on Voyager Technologies in a research report on Friday, January 16th. Zacks Research cut Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Finally, TD Cowen initiated coverage on Voyager Technologies in a research report on Wednesday. They issued a “buy” rating and a $35.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Voyager Technologies presently has an average rating of “Hold” and a consensus price target of $41.00.

Voyager Technologies Stock Performance

Shares of NYSE:VOYG opened at $23.45 on Wednesday. The business has a fifty day moving average of $27.98 and a 200-day moving average of $28.06. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The firm has a market cap of $1.25 billion and a PE ratio of -5.42.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VOYG. Norges Bank acquired a new position in shares of Voyager Technologies during the 2nd quarter worth about $13,738,000. Cooper Creek Partners Management LLC acquired a new position in Voyager Technologies during the second quarter valued at approximately $12,184,000. Compass Wealth Management LLC bought a new stake in Voyager Technologies in the third quarter valued at approximately $2,318,000. Federated Hermes Inc. acquired a new stake in Voyager Technologies in the second quarter worth $15,347,000. Finally, Penserra Capital Management LLC acquired a new stake in Voyager Technologies in the third quarter worth $3,544,000.

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.