Voyager Technologies (NYSE:VOYG) Upgraded 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 research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reissued an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a research note on Wednesday, August 5th. Wedbush started coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 target price on shares of Voyager Technologies in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. Finally, Wolfe Research restated an “outperform” rating and issued a $55.00 price target on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Voyager Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $45.20.

Voyager Technologies Price Performance

Shares of NYSE:VOYG opened at $33.86 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of -14.47 and a beta of 4.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80. The stock has a fifty day moving average of $33.05 and a 200-day moving average of $32.52. Voyager Technologies has a one year low of $17.41 and a one year high of $52.40.

Voyager Technologies (NYSE:VOYG) last issued its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (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 business had revenue of $52.75 million for the quarter. During the same quarter in the previous year, the firm earned ($1.23) earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Matthew Kuta sold 199,807 shares of the company’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 transaction, the president owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their position. The sale 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 added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its position in 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 buying an additional 376 shares in the last quarter. World Equity Group Inc. increased its stake in shares of Voyager Technologies by 1.1% in the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock worth $1,239,000 after acquiring an additional 400 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after acquiring an additional 481 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after acquiring an additional 757 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Voyager Technologies during the second quarter valued at $40,000.

Voyager Technologies Company Profile

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.