Voyager Technologies (NYSE:VOYG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Voyager Technologies from “strong sell” to “sell,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $44.20.
• Voyager’s shares opened at $25.07, well below their 12-month high of $52.40. The company’s latest quarterly results beat EPS expectations, but it remains unprofitable, with a negative net margin of 78.61% and analysts forecasting a full-year loss.
• President Matthew Kuta sold 199,807 shares worth approximately $8.6 million under a pre-arranged trading plan, reducing his position by 51.55%; insiders still own 27.04% of the company.

Voyager Technologies (NYSE:VOYG - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

VOYG has been the topic of a number of other research reports. Citigroup raised their price target on Voyager Technologies from $44.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Morgan Stanley cut their price objective on shares of Voyager Technologies from $37.00 to $36.00 and set an "underweight" rating for the company in a research report on Friday, October 16th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 price objective on shares of Voyager Technologies in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of Voyager Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, October 6th. Finally, Wedbush began coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $46.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Voyager Technologies currently has an average rating of "Moderate Buy" and an average price target of $44.20.

Voyager Technologies Trading Up 5.2%

Shares of 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's 50 day moving average price is $32.18 and its two-hundred day moving average price is $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 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. The business had revenue of $52.75 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted ($1.23) earnings per share. As a group, sell-side analysts predict that Voyager Technologies will post -3.37 earnings per share for the current year.

Insider Activity at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the transaction, the president owned 187,758 shares of the company's stock, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company's stock.

Institutional Trading of Voyager Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in Voyager Technologies by 66.9% in the third 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. Johnson Financial Group Inc. bought a new position in Voyager Technologies in the 1st quarter valued at approximately $42,000. Integrated Wealth Concepts LLC bought a new stake in Voyager Technologies during the 2nd quarter worth approximately $46,000. Sterling Capital Management LLC increased its position in 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 position in Voyager Technologies by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company's stock valued at $55,000 after acquiring an additional 361 shares during the period.

Voyager Technologies Company Profile

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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