Voyager Technologies (NYSE:VOYG) Shares Up 9.3% Following Analyst Upgrade

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price was up 9.3% on Wednesday after Wedbush upgraded the stock to a strong-buy rating. The stock traded as high as $34.63 and last traded at $35.26. 211,285 shares were traded during trading, a decline of 89% from the average session volume of 1,960,086 shares. The stock had previously closed at $32.25.

VOYG has been the subject of several other reports. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company began coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. Citigroup increased their price target on shares of Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

Institutional Trading of Voyager Technologies

Large investors have recently modified their holdings of the stock. HB Wealth Management LLC increased its stake in Voyager Technologies by 0.8% in the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after acquiring an additional 376 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after purchasing an additional 481 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after purchasing an additional 757 shares during 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 acquired a new position in Voyager Technologies in the 2nd quarter worth about $40,000.

Voyager Technologies Trading Up 1.0%

The business’s fifty day moving average is $36.69 and its 200-day moving average is $31.35. The firm has a market cap of $1.83 billion and a P/E 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 (NYSE:VOYG) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. The company had revenue of $35.25 million for the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company’s revenue was up .1% compared to the same quarter last year. Analysts predict that Voyager Technologies, Inc. will post -3.58 EPS for the current year.

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.