Voyager Technologies (NYSE:VOYG) Stock Price Up 5.4% – Should You Buy?

Voyager Technologies, Inc. (NYSE:VOYG) was up 5.4% during trading on Wednesday . The company traded as high as $33.84 and last traded at $33.6250. Approximately 306,058 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,952,185 shares. The stock had previously closed at $31.89.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VOYG shares. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Jefferies Financial Group lifted their target price on shares of Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a report on Monday, June 1st. TD Cowen assumed coverage on Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating on the stock. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company assumed coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Voyager Technologies Stock Performance

The stock’s fifty day simple moving average is $36.88 and its 200-day simple moving average is $31.55. The company has a market capitalization of $1.79 billion and a price-to-earnings ratio of -12.02. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.14. The business had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company’s quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Senvest Management LLC increased its stake in shares of Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after buying an additional 884,962 shares during the period. Alyeska Investment Group L.P. grew its holdings in Voyager Technologies by 88.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock worth $89,342,000 after acquiring an additional 1,600,540 shares in the last quarter. Wellington Management Group LLP grew its holdings in Voyager Technologies by 23.7% during the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock worth $52,741,000 after acquiring an additional 386,010 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after purchasing an additional 256,499 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Voyager Technologies by 93.4% in the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after purchasing an additional 498,963 shares in the last quarter.

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.