JPMorgan Chase & Co. Lowers Voyager Technologies (NYSE:VOYG) Price Target to $39.00

Key Points

• JPMorgan cut its price target on Voyager Technologies to $39.00 (from $43) while keeping an "overweight" rating, implying about a 26.9% upside from the current price.
• Analyst views are mixed — the consensus is a "Moderate Buy" with a $40.64 target, but individual estimates range widely (Wells Fargo $21 underweight to Wedbush $46 outperform) and ratings span Strong Buy to Sell.
• Voyager traded near $30.73 (up ~3.2%), has a $1.64B market cap, reported a loss (EPS -$0.37) despite 23.7% revenue growth, and several institutional investors (e.g., Senvest, Alyeska, Wellington) significantly increased their stakes.

Voyager Technologies (NYSE:VOYG - Get Free Report) had its price objective dropped by JPMorgan Chase & Co. from $43.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 26.90% from the company's current price.

A number of other analysts have also weighed in on VOYG. Wells Fargo & Company assumed coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued an "underweight" rating and a $21.00 target price on the stock. Wall Street Zen upgraded Voyager Technologies from a "strong sell" rating to a "sell" rating in a research note on Saturday. Zacks Research lowered Voyager Technologies from a "hold" rating to a "strong sell" rating in a research note on Monday, March 9th. Morgan Stanley set a $39.00 price target on Voyager Technologies in a research note on Friday, January 16th. Finally, Wedbush restated an "outperform" rating and set a $46.00 price target on shares of Voyager Technologies in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.64.

Voyager Technologies Trading Up 3.2%

VOYG stock traded up $0.95 during midday trading on Monday, reaching $30.73. The company's stock had a trading volume of 339,534 shares, compared to its average volume of 1,564,515. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37. The stock has a fifty day simple moving average of $26.97 and a two-hundred day simple moving average of $27.90. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $73.95. The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of -7.10.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.01). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The business had revenue of $46.65 million during the quarter. The business's revenue for the quarter was up 23.7% on a year-over-year basis.

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Senvest Management LLC grew its stake in Voyager Technologies by 29.3% in the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company's stock valued at $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in Voyager Technologies by 88.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company's stock valued at $89,342,000 after purchasing an additional 1,600,540 shares during the last quarter. Wellington Management Group LLP grew its stake in Voyager Technologies by 23.7% in the fourth quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company's stock valued at $52,741,000 after purchasing an additional 386,010 shares during the last quarter. Vanguard Group Inc. grew its stake in Voyager Technologies by 27.6% in the third quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company's stock valued at $35,344,000 after purchasing an additional 256,499 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Voyager Technologies by 93.4% during the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company's stock worth $27,007,000 after acquiring an additional 498,963 shares during the last quarter.

Voyager Technologies Company Profile

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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