Voyager Technologies (NYSE:VOYG) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Voyager Technologies to “Strong Sell” from “Sell,” while broader analyst sentiment remains more positive, with a consensus “Moderate Buy” rating and a $44.30 price target.
• Voyager shares opened at $27.39, well below the 52-week high of $52.40. The company reported quarterly revenue of $52.75 million, up 15.4% year over year, and narrowed its loss to $0.70 per share versus expectations of a $1.01 loss.
• President Matthew Kuta sold 199,807 shares worth approximately $8.6 million under a pre-arranged trading plan; insiders retain a 27.04% stake, while several institutional investors recently increased their positions.

Voyager Technologies (NYSE:VOYG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Monday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Citigroup boosted their price target on Voyager Technologies from $44.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Wedbush assumed coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an "outperform" rating and a $46.00 price objective for the company. TD Cowen cut their target price on shares of Voyager Technologies from $42.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of Voyager Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.30.

Voyager Technologies Stock Up 0.5%

Shares of VOYG opened at $27.39 on Monday. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -11.71 and a beta of 4.44. 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 $34.97 and a 200-day moving average of $33.45.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $52.75 million for the quarter. During the same period last year, the business earned ($1.23) EPS. The company's revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Voyager Technologies will post -3.34 earnings per share for the current fiscal year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company's stock.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Wellington Management Group LLP raised its stake in shares of Voyager Technologies by 39.3% in the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company's stock worth $74,404,000 after purchasing an additional 650,531 shares during the last quarter. Tema ETFs LLC grew its holdings in Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company's stock worth $43,650,000 after buying an additional 1,352,409 shares in the last quarter. Tidal Investments LLC purchased a new stake in Voyager Technologies in the 2nd quarter valued at $42,593,000. Janus Henderson Group PLC grew its stake in shares of Voyager Technologies by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company's stock worth $24,073,000 after acquiring an additional 5,225 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company's stock worth $10,395,000 after acquiring an additional 177,842 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.

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