Voyager Technologies (NYSE:VOYG) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Voyager Technologies (NYSE:VOYGFree Report) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a research note on Friday, January 16th. Wedbush started coverage on shares of Voyager Technologies in a report on Friday, January 23rd. They set an “outperform” rating and a $46.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on Voyager Technologies in a report on Monday, November 24th. They set an “overweight” rating and a $43.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.88.

View Our Latest Stock Analysis on Voyager Technologies

Voyager Technologies Stock Down 3.3%

Voyager Technologies stock opened at $27.41 on Monday. The stock has a market cap of $1.47 billion and a PE ratio of -6.33. Voyager Technologies has a 12-month low of $17.41 and a 12-month high of $73.95. The business’s 50-day moving average price is $29.53 and its two-hundred day moving average price is $28.47.

Voyager Technologies (NYSE:VOYGGet Free Report) last posted its quarterly 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). The company had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 25.54%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year.

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOYG. SBI Securities Co. Ltd. bought a new position in shares of Voyager Technologies during the second quarter valued at $274,000. Dorsey & Whitney Trust CO LLC bought a new position in Voyager Technologies during the 2nd quarter worth approximately $41,607,000. Senvest Management LLC acquired a new position in shares of Voyager Technologies in the 2nd quarter worth approximately $110,514,000. Greenland Capital Management LP bought a new stake in shares of Voyager Technologies in the 2nd quarter valued at $948,000. Finally, Legal & General Group Plc acquired a new stake in Voyager Technologies during the 2nd quarter worth about $40,000.

Trending Headlines about Voyager Technologies

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

About Voyager Technologies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Voyager Technologies (NYSE:VOYG)

Receive News & Ratings for Voyager Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voyager Technologies and related companies with MarketBeat.com's FREE daily email newsletter.