Voyager Technologies (NYSE:VOYG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Voyager Technologies from “strong sell” to “sell,” while broader analyst coverage remains more positive, with a consensus “Moderate Buy” rating and a $45.20 price target.
• Voyager shares traded up 3.6% at $33.86, with a market capitalization of approximately $1.97 billion. The stock has ranged from $17.41 to $52.40 over the past year.
• The company’s latest quarterly results beat expectations, reporting a loss of $0.70 per share versus the $1.01 consensus estimate and revenue of $52.75 million, up 15.4% year over year; however, profitability remained weak with a negative net margin of 78.61%.

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

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $65.00 target price on shares of Voyager Technologies in a research note on Sunday, August 9th. Morgan Stanley restated an "underweight" rating and issued a $37.00 target price on shares of Voyager Technologies in a report on Wednesday, August 5th. BTIG Research assumed coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They issued a "buy" rating and a $55.00 price objective for the company. Wolfe Research reiterated an "outperform" rating and issued a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Finally, Wedbush assumed coverage on Voyager Technologies in a research note 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.20.

Voyager Technologies Trading Up 3.6%

VOYG opened at $33.86 on Friday. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The business's 50 day moving average is $33.05 and its two-hundred day moving average is $32.52. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -14.47 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its earnings results 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. The company had revenue of $52.75 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted ($1.23) earnings per share. On average, research analysts predict that Voyager Technologies will post -3.48 EPS for the current year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the firm's stock in a transaction dated 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 transaction, the president 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in Voyager Technologies by 3,164.2% during the second quarter. California State Teachers Retirement System now owns 574,308 shares of the company's stock valued at $17,808,000 after purchasing an additional 556,714 shares in the last quarter. Readystate Asset Management LP grew its holdings in shares of Voyager Technologies by 1,464.5% during the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company's stock valued at $13,231,000 after acquiring an additional 384,028 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Voyager Technologies by 1.0% during the second quarter. HB Wealth Management LLC now owns 45,567 shares of the company's stock worth $1,470,000 after acquiring an additional 471 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Voyager Technologies in the second quarter valued at about $266,000. Finally, Wellington Management Group LLP raised its stake 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 worth $74,404,000 after purchasing an additional 650,531 shares in the last quarter.

About Voyager Technologies

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.

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