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 sentiment remains more positive with a “Moderate Buy” consensus and an average price target of $45.20.
• Voyager shares opened at $30.98, with a market capitalization of $1.80 billion; the stock has traded between $17.41 and $52.40 over the past year and carries a high beta of 4.44.
• The company beat quarterly EPS expectations, reporting a loss of $0.70 per share versus the estimated $1.01 loss, while revenue rose 15.4% year over year to $52.75 million. However, Voyager remains unprofitable, with a negative net margin of 78.61%.

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 Sunday, Wall Street Zen reports.

VOYG has been the topic of a number of other reports. Wedbush began coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an "outperform" rating and a $46.00 price objective on the stock. Citigroup increased 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. Morgan Stanley reissued an "underweight" rating and set a $37.00 price target on shares of Voyager Technologies in a report on Wednesday, August 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Voyager Technologies in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $65.00 target price on shares of Voyager Technologies in a research report on Sunday, August 9th. Two research 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. Based on data from MarketBeat.com, Voyager Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $45.20.

Voyager Technologies Stock Up 3.6%

Shares of NYSE:VOYG opened at $30.98 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of -13.24 and a beta of 4.44. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $52.40. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The firm's 50-day moving average is $34.52 and its two-hundred day moving average is $33.35.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.31. The company had revenue of $52.75 million during the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned ($1.23) EPS. Analysts predict that Voyager Technologies will post -3.48 EPS for the current year.

Insiders Place Their Bets

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 sale, the president directly owned 187,758 shares of the company's stock, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company's stock.

Hedge Funds Weigh In On Voyager Technologies

A number of large investors have recently bought and sold shares of VOYG. Tema ETFs LLC raised its holdings 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 worth $43,650,000 after purchasing an additional 1,352,409 shares during the period. Tidal Investments LLC acquired a new position in shares of Voyager Technologies during the second quarter worth $42,593,000. Wellington Management Group LLP boosted its position in Voyager Technologies by 39.3% in 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 during the last quarter. Capital International Investors boosted its holdings in Voyager Technologies by 93.4% in the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company's stock valued at $27,007,000 after purchasing an additional 498,963 shares during the last quarter. Finally, Readystate Asset Management LP boosted its stake 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 buying an additional 384,028 shares during 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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