Voyager Technologies (NYSE:VOYG) Stock Price Target Cut by TD Cowen

Key Points

• TD Cowen cut Voyager Technologies’ price target from $42 to $36 but maintained a “buy” rating, implying approximately 32.8% upside from the current price. Analysts overall have a “Moderate Buy” consensus with a $44.30 average target.
• Voyager shares fell 3.8% to $27.11, well below their 50-day and 200-day moving averages. The company remains unprofitable, with a negative net margin of 78.61%, though quarterly revenue rose 15.4% year over year and its loss beat analyst expectations.
• President Matthew Kuta sold nearly 200,000 shares worth about $8.6 million under a pre-arranged trading plan, while several institutional investors—including Wellington Management and Tema ETFs—expanded their positions.

Voyager Technologies (NYSE:VOYG - Get Free Report) had its price objective cut by analysts at TD Cowen from $42.00 to $36.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price target suggests a potential upside of 32.78% from the stock's current price.

VOYG has been the subject of several other reports. Wall Street Zen upgraded Voyager Technologies from a "strong sell" rating to a "sell" rating in a report on Sunday, October 4th. Citigroup boosted their price objective on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. BTIG Research started coverage on Voyager Technologies in a research note on Thursday, June 11th. They issued a "buy" rating and a $55.00 price objective on the stock. Morgan Stanley restated an "underweight" rating and set a $37.00 price objective on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $55.00 target price on shares of Voyager Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.30.

Voyager Technologies Trading Down 3.8%

Shares of NYSE VOYG traded down $1.07 during midday trading on Friday, hitting $27.11. 245,757 shares of the company traded hands, compared to its average volume of 1,930,599. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $52.40. The firm has a market cap of $1.58 billion, a P/E ratio of -11.60 and a beta of 4.44. The stock has a 50-day moving average price of $34.91 and a 200 day moving average price of $33.45. 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 announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) 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 business had revenue of $52.75 million during the quarter. During the same period in the prior year, the business posted ($1.23) EPS. The business's quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts expect that Voyager Technologies will post -3.58 earnings per share for the current year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction that occurred on 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 sale, the president owned 187,758 shares of the company's stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Voyager Technologies

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company's stock valued at $74,404,000 after buying an additional 650,531 shares in the last quarter. Tema ETFs LLC lifted its stake in shares of Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company's stock valued at $43,650,000 after purchasing an additional 1,352,409 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $42,593,000. Janus Henderson Group PLC raised its holdings in Voyager Technologies by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company's stock valued at $24,073,000 after buying an additional 5,225 shares during the period. Finally, Bank of America Corp DE lifted its position in Voyager Technologies by 66.7% in the first quarter. Bank of America Corp DE now owns 444,434 shares of the company's stock worth $10,395,000 after buying an additional 177,842 shares during the last quarter.

Voyager Technologies Company Profile

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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