Voyager Technologies (NYSE:VOYG) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Voyager Technologies has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, indicating a bearish outlook for the stock.
• Despite the downgrade, the stock has a consensus rating of "Moderate Buy" among analysts, with an average price target of $49.00.
• Voyager Technologies reported a loss of $0.60 per share for the last quarter, missing expectations, although its revenue increased 24.5% year-over-year.

Wall Street Zen cut shares of Voyager Technologies (NYSE:VOYG - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other brokerages also recently commented on VOYG. Bank of America initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective for the company. Morgan Stanley assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $46.00 target price for the company. Wolfe Research assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "outperform" rating and a $50.00 target price for the company. Barclays assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $45.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "overweight" rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Voyager Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

Voyager Technologies Trading Up 0.7%

Shares of VOYG stock traded up $0.21 during mid-day trading on Friday, reaching $29.62. The stock had a trading volume of 571,405 shares, compared to its average volume of 1,582,398. Voyager Technologies has a one year low of $28.66 and a one year high of $73.95.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.33). The business had revenue of $45.67 million during the quarter, compared to the consensus estimate of $35.44 million. During the same period in the prior year, the company earned ($1.29) EPS. The company's revenue for the quarter was up 24.5% on a year-over-year basis.

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of VOYG. Dakota Wealth Management acquired a new stake in Voyager Technologies during the 2nd quarter valued at $2,426,000. Highline Wealth Partners LLC acquired a new stake in Voyager Technologies during the 2nd quarter valued at $26,000. PFG Investments LLC acquired a new stake in Voyager Technologies during the 2nd quarter valued at $212,000. Liberty Street Advisors Inc. acquired a new stake in Voyager Technologies during the 2nd quarter valued at $21,384,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Voyager Technologies during the 2nd quarter valued at $274,000.

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.