Voyager Technologies, Inc. (NYSE:VOYG) Stock Has Consensus Price Target of $44.20 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Voyager Technologies, with seven buy ratings, two strong-buy ratings, one hold and two sell ratings. The average 12-month price target is $44.20, well above the reported $25.07 share price.
• Voyager reported quarterly revenue of $52.75 million, up 15.4% year over year, and an adjusted loss of $0.70 per share that beat estimates. However, the company remains unprofitable, with a negative net margin of 78.61% and analysts expecting a full-year loss.
• Institutional ownership increased as several major investors added shares, while President Matthew Kuta sold roughly 199,807 shares worth $8.6 million under a pre-arranged trading plan. Insiders still own approximately 27.04% of the company.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $44.20.

Several equities analysts have recently commented on VOYG shares. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Tuesday, October 6th. Morgan Stanley dropped their target price on Voyager Technologies from $37.00 to $36.00 and set an "underweight" rating for the company in a research report on Friday, October 16th. Wall Street Zen upgraded Voyager Technologies from a "strong sell" rating to a "sell" rating in a research report on Saturday. Wedbush began 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. Finally, Citigroup increased their price target 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.

Voyager Technologies Price Performance

VOYG stock opened at $25.07 on Friday. The firm has a 50 day simple moving average of $32.18 and a two-hundred day simple moving average of $33.45. The stock has a market cap of $1.46 billion, a PE ratio of -10.71 and a beta of 4.44. Voyager Technologies has a one year low of $17.41 and a one 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.

Voyager Technologies (NYSE:VOYG - Get Free Report) last posted its quarterly earnings data 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. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm had revenue of $52.75 million for the quarter. During the same quarter last year, the business posted ($1.23) EPS. The business's quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Voyager Technologies will post -3.37 EPS for the current fiscal year.

Insider Buying and Selling at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the completion of the sale, the president owned 187,758 shares of the company's stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their position. The sale 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 added to or reduced their stakes in the business. Tema ETFs LLC boosted its stake in shares of Voyager Technologies by 125,688.6% during the second 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 period. Tidal Investments LLC bought a new position in shares of Voyager Technologies in the second quarter worth approximately $42,593,000. Wellington Management Group LLP grew its holdings in shares of Voyager Technologies by 39.3% in the second 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 during the last quarter. Readystate Asset Management LP increased its stake in shares of Voyager Technologies by 1,464.5% in the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company's stock worth $13,231,000 after buying an additional 384,028 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of 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 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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