Voyager Technologies, Inc. (NYSE:VOYG) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Voyager Technologies “Moderate Buy”: Seven analysts recommend buying the stock, two rate it a strong buy, while three issue hold or sell ratings. The average 12-month price target is $45.20.
• VOYG opened at $30.55 after falling 7.9%, with a market capitalization of approximately $1.78 billion. The company remains unprofitable but reported better-than-expected quarterly EPS of negative $0.70 and 15.4% year-over-year revenue growth to $52.75 million.
• Voyager announced an Anduril defense partnership and completed a $402.5 million convertible-notes offering to support growth, but investors face execution, dilution and continued-loss risks. An executive also sold roughly $8.6 million of shares under a pre-arranged trading plan.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.20.

VOYG has been the subject of a number of research analyst reports. Wedbush began coverage on Voyager Technologies in a report on Wednesday, July 1st. They set an "outperform" rating and a $46.00 target price for the company. BTIG Research started coverage on Voyager Technologies in a research report on Thursday, June 11th. They set a "buy" rating and a $55.00 price target for the company. Wolfe Research restated an "outperform" rating and issued a $55.00 price objective on shares of Voyager Technologies in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Voyager Technologies from a "sell" rating to a "strong sell" rating in a research note on Saturday. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $37.00 target price on shares of Voyager Technologies in a report on Wednesday, August 5th.

Voyager Technologies Stock Down 7.9%

Shares of VOYG opened at $30.55 on Wednesday. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -13.06 and a beta of 4.39. The stock's 50-day moving average price is $34.25 and its 200-day moving average price is $33.32.

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

Trending Headlines about Voyager Technologies

Here are the key news stories impacting Voyager Technologies this week:

• Positive Sentiment: Anduril defense partnership: Voyager and Anduril will collaborate on the development, testing and production of advanced weapon systems, missile-defense technologies and propulsion systems. Investors may view the agreement as strengthening Voyager’s position in the growing defense and national-security market and providing access to Anduril’s technology and manufacturing capabilities. Voyager Technologies, Anduril Launch Partnership for Weapons, Missile Projects
• Positive Sentiment: Potential for expanded business opportunities: The companies’ broad cooperation across weapons, missile defense and propulsion could support future contracts and production growth. However, the announcement did not disclose specific contract values, revenue forecasts or financial targets. Voyager Stock Rises After Formalizing Anduril Partnership
• Neutral Sentiment: Convertible-notes financing completed: Voyager issued $402.5 million of 0% convertible senior notes due 2032 in a private offering. The capital could fund growth initiatives and improve financial flexibility, while capped-call transactions are intended to reduce dilution in certain circumstances. Voyager Technologies Completes $402.5 Million Convertible Senior Notes Offering
• Negative Sentiment: Dilution and execution risks: The convertible notes may result in future share dilution if converted, and the financing can weigh on the stock even with a 0% coupon. Investors also must wait for evidence that the Anduril relationship produces material contracts and revenue, particularly as Voyager remains unprofitable.

Insider Buying and Selling

In other news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction that occurred on 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 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by company insiders.

Institutional Trading of Voyager Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of Voyager Technologies during the second quarter worth about $42,593,000. Archford Capital Strategies LLC acquired a new position in shares of Voyager Technologies in the second quarter valued at approximately $421,000. Integrated Wealth Concepts LLC purchased a new stake in Voyager Technologies during the 2nd quarter worth approximately $46,000. Readystate Asset Management LP lifted its holdings in Voyager Technologies by 1,464.5% during the 2nd 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 in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in Voyager Technologies by 1.0% during the 2nd quarter. HB Wealth Management LLC now owns 45,567 shares of the company's stock worth $1,470,000 after buying an additional 471 shares in the last quarter.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.

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