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

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

A number of other research firms have also commented on VOYG. Citigroup cut their price objective on shares of Voyager Technologies from $54.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 target price on shares of Voyager Technologies in a report on Tuesday, October 6th. TD Cowen cut 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. Morgan Stanley reduced their price target 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. Finally, BTIG Research decreased their price target on shares of Voyager Technologies from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. 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 given a Sell rating to the stock. According to MarketBeat, Voyager Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $41.90.

Voyager Technologies Stock Performance

NYSE:VOYG opened at $26.94 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.88 and a current ratio of 2.93. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -9.07 and a beta of 4.49. The business's fifty day moving average is $29.19 and its 200 day moving average is $31.38.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.02). The company had revenue of $88.72 million during the quarter. Voyager Technologies had a negative return on equity of 42.47% and a negative net margin of 78.96%. The firm's revenue for the quarter was up 124.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.28) EPS. Research analysts predict that Voyager Technologies will post -3.30 EPS for the current year.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 361 shares in the last quarter. World Equity Group Inc. grew its holdings in shares of Voyager Technologies by 1.1% during the 2nd quarter. World Equity Group Inc. now owns 38,433 shares of the company's stock valued at $1,239,000 after purchasing an additional 400 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Voyager Technologies by 66.9% during 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. HB Wealth Management LLC raised its position in Voyager Technologies by 1.0% in the 2nd quarter. HB Wealth Management LLC now owns 45,567 shares of the company's stock worth $1,470,000 after purchasing an additional 471 shares during the period. Finally, Royal Bank of Canada raised its position in Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company's stock worth $71,000 after purchasing an additional 481 shares during the period.

Voyager Technologies Company Profile

Voyager Technologies is a space and defense technology company that develops and provides products and services for government and commercial customers. Its work spans national security, space infrastructure and exploration, including technologies and mission support for activities in orbit. Through its space business, Voyager provides services such as payload integration and deployment, research support and access to the International Space Station. Its Nanoracks business has supported commercial use of the station, including through the Bishop Airlock.

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