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

Key Points

• Wall Street Zen downgraded Voyager Technologies to “strong sell” from “sell,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $44.20.
• VOYG shares fell 5.1% to open at $26.37, well below the 12-month high of $52.40. The company reported quarterly revenue of $52.75 million, up 15.4% year over year, and an adjusted loss of $0.70 per share.
• Voyager continues to face significant profitability challenges, including a negative net margin of 78.61% and projected full-year EPS of negative $3.37; meanwhile, its president sold 199,807 shares worth approximately $8.6 million under a pre-arranged trading plan.

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

A number of other research firms also recently weighed in on VOYG. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 price objective on shares of Voyager Technologies in a report on Tuesday, October 6th. TD Cowen lowered their price target on shares of Voyager Technologies from $42.00 to $36.00 and set a "buy" rating for the company in a report on Friday, October 9th. Weiss Ratings downgraded shares of Voyager Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, October 6th. Citigroup upped their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Morgan Stanley decreased their price target on shares of Voyager Technologies from $37.00 to $36.00 and set an "underweight" rating for the company in a report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.20.

Voyager Technologies Stock Down 5.1%

NYSE VOYG opened at $26.37 on Friday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40. The stock has a market cap of $1.54 billion, a PE ratio of -11.27 and a beta of 4.44. The firm has a 50-day simple moving average of $30.93 and a 200 day simple moving average of $31.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) 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 quarter in the prior year, the firm earned ($1.23) earnings per share. The company's revenue was up 15.4% on a year-over-year basis. On average, research analysts forecast that Voyager Technologies will post -3.37 EPS for the current year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were 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 directly owned 187,758 shares of the company's stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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

A number of large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Voyager Technologies during the third quarter worth approximately $27,820,000. Sterling Capital Management LLC boosted its holdings 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 purchasing an additional 1,548 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Voyager Technologies by 24.6% in the third quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company's stock valued at $55,000 after buying an additional 361 shares in the last quarter. Versant Capital Management Inc lifted its stake in Voyager Technologies by 66.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company's stock valued at $33,000 after purchasing an additional 440 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Voyager Technologies in the 2nd quarter valued at $42,593,000.

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.

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