Voyager Technologies, Inc. (NYSE:VOYG) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.20.

VOYG has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a report on Sunday, August 9th. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Voyager Technologies in a research report on Tuesday, September 22nd. Wall Street Zen raised Voyager Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday. Finally, Wedbush started coverage on Voyager Technologies in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price target for the company.

Voyager Technologies Trading Up 0.2%

Shares of Voyager Technologies stock opened at $30.98 on Wednesday. The business has a fifty day simple moving average of $34.52 and a 200-day simple moving average of $33.39. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -13.24 and a beta of 4.44. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, topping the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm had revenue of $52.75 million for the quarter. During the same quarter last year, the firm posted ($1.23) earnings per share. Voyager Technologies’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Insider Transactions at Voyager Technologies

In other 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 value of $8,585,706.79. Following the completion of the sale, the president 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in Voyager Technologies by 66.9% in the third quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Voyager Technologies during the 2nd quarter worth about $42,593,000. Archford Capital Strategies LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $421,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $46,000. Finally, Readystate Asset Management LP grew its stake in shares of Voyager Technologies by 1,464.5% in the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock valued at $13,231,000 after buying an additional 384,028 shares in 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.