Voyager Technologies (NYSE:VOYG) Stock Rating Lowered by Morgan Stanley

Voyager Technologies (NYSE:VOYG) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday. They currently have a $39.00 price objective on the stock. Morgan Stanley’s price target would suggest a potential upside of 31.81% from the stock’s previous close.

Several other research firms also recently commented on VOYG. Jefferies Financial Group upped their price objective on Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, June 1st. TD Cowen assumed coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.64.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock opened at $29.59 on Wednesday. The business’s fifty day simple moving average is $37.38 and its 200 day simple moving average is $31.70. The firm has a market capitalization of $1.58 billion and a P/E ratio of -10.64. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $52.40. 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 released its 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. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company had revenue of $35.25 million for the quarter. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts anticipate that Voyager Technologies will post -3.48 EPS for the current year.

Institutional Investors Weigh In On Voyager Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies during the fourth quarter valued at $28,000. Sunbelt Securities Inc. bought a new position in Voyager Technologies in the 4th quarter worth about $33,000. Ameritas Investment Partners Inc. bought a new position in Voyager Technologies in the 3rd quarter worth about $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Voyager Technologies in the 3rd quarter valued at about $35,000.

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.