Voyager Technologies (NYSE:VOYG) Now Covered by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $35.00 target price on the stock.

A number of other analysts have also recently weighed in on VOYG. Morgan Stanley set a $39.00 price target on Voyager Technologies in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Zacks Research lowered Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Citigroup began coverage on Voyager Technologies in a research note on Monday. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and set a $46.00 price target on shares of Voyager Technologies in a report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.00.

Voyager Technologies Trading Up 1.5%

NYSE VOYG opened at $23.74 on Wednesday. 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 one year low of $17.41 and a one year high of $73.95. The company has a 50-day simple moving average of $27.81 and a 200-day simple moving average of $28.03. The firm has a market capitalization of $1.27 billion and a PE ratio of -5.48.

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

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Alyeska Investment Group L.P. acquired a new stake in Voyager Technologies in the 3rd quarter valued at approximately $54,119,000. Wellington Management Group LLP boosted its position in Voyager Technologies by 653.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after acquiring an additional 1,415,192 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Voyager Technologies in the second quarter worth $38,997,000. Senvest Management LLC grew its stake in shares of Voyager Technologies by 29.3% in the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Voyager Technologies during the second quarter valued at $24,720,000.

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.