Voyager Technologies (NYSE:VOYG) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Voyager Technologies (NYSE:VOYG) from a sell rating to a strong sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on the company. Morgan Stanley restated an “underweight” rating and issued a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Citigroup boosted their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price objective on shares of Voyager Technologies in a research note on Sunday, August 9th. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective for the company. Finally, Wolfe Research reiterated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Voyager Technologies has an average rating of “Moderate Buy” and a consensus target price of $45.20.

Voyager Technologies Trading Up 5.4%

Shares of VOYG opened at $33.05 on Friday. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -14.12 and a beta of 4.39. The stock’s 50-day moving average price is $34.18 and its 200 day moving average price is $33.30.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The company had revenue of $52.75 million during the quarter. During the same quarter in the prior year, the business posted ($1.23) EPS. Voyager Technologies’s revenue was up 15.4% compared to the same quarter last year. As a group, research analysts predict that Voyager Technologies will post -3.48 earnings per share for the current year.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the transaction, the president directly owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Voyager Technologies

Hedge funds have recently made changes to their positions in the company. HB Wealth Management LLC boosted its holdings in shares of Voyager Technologies by 0.8% in the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after acquiring an additional 376 shares in the last quarter. World Equity Group Inc. increased its holdings in Voyager Technologies by 1.1% during the 2nd quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after purchasing an additional 400 shares in the last quarter. Royal Bank of Canada raised its position in 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 during the last quarter. Integrated Wealth Concepts LLC bought a new position in Voyager Technologies in the 2nd quarter valued at $46,000. Finally, California State Teachers Retirement System boosted its stake in Voyager Technologies by 11.0% in the first quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after purchasing an additional 1,744 shares in the last quarter.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.