Voyager Technologies (NYSE:VOYG) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Voyager Technologies (NYSE:VOYG) from a strong sell rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts also recently commented on the company. Citigroup raised their price objective on Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings downgraded Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. TD Cowen dropped their price target on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Voyager Technologies in a report on Tuesday, October 6th. Finally, Wedbush began coverage on Voyager Technologies in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.20.

Voyager Technologies Stock Up 5.2%

NYSE:VOYG opened at $25.07 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 $1.46 billion, a P/E ratio of -10.71 and a beta of 4.44. The stock’s fifty day simple moving average is $32.18 and its 200-day simple moving average is $33.45.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $52.75 million for the quarter. During the same period in the previous year, the company posted ($1.23) EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities research analysts expect that Voyager Technologies will post -3.37 earnings per share for the current year.

Insider Buying and Selling at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction dated 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 transaction, the president owned 187,758 shares in the company, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Voyager Technologies by 66.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Voyager Technologies in the first quarter valued at $42,000. Integrated Wealth Concepts LLC bought a new position in shares of Voyager Technologies in the 2nd quarter valued at about $46,000. Sterling Capital Management LLC grew its position in shares of Voyager Technologies by 850.5% in the 3rd quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock valued at $52,000 after acquiring an additional 1,548 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Voyager Technologies by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after purchasing an additional 361 shares during the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.