Voyager Digital (OTCMKTS:VYGVF) Upgraded at Zacks Investment Research

Voyager Digital (OTCMKTS:VYGVF – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Voyager Digital Ltd. provides publicly traded cryptocurrency platform principally in the United States. The company through its subsidiary Coinify ApS, provides crypto payment solutions for both consumers and merchants. Voyager Digital Ltd. is based in SAN ANTONIO. “

A number of other equities research analysts also recently commented on the stock. HC Wainwright dropped their price objective on shares of Voyager Digital from C$28.00 to C$16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 3rd. Craig Hallum dropped their price objective on shares of Voyager Digital from $20.00 to $12.00 in a research report on Tuesday, March 22nd. Finally, Fundamental Research dropped their target price on shares of Voyager Digital from $30.63 to $21.58 and set a “buy” rating on the stock in a research report on Wednesday, March 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $19.90.

VYGVF traded down $0.45 during trading hours on Tuesday, hitting $2.95. 1,027,040 shares of the company’s stock were exchanged, compared to its average volume of 622,733. Voyager Digital has a 12-month low of $2.91 and a 12-month high of $23.00. The firm has a 50 day moving average of $5.16 and a 200 day moving average of $9.58.

Voyager Digital (OTCMKTS:VYGVF – Get Rating) last announced its quarterly earnings data on Monday, February 14th. The company reported $0.01 EPS for the quarter. The firm had revenue of $164.85 million during the quarter. Research analysts forecast that Voyager Digital will post -0.4 earnings per share for the current year.

Voyager Digital Company Profile (Get Rating)

Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that enables users to buy and sell crypto assets across multiple centralized marketplaces in one account. The company was formerly known as Voyager Digital (Canada) Ltd.

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