Brokerages Set Voyager Technologies, Inc. (NYSE:VOYG) Target Price at $44.88

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $44.8750.

A number of analysts recently commented on the company. JPMorgan Chase & Co. started coverage on Voyager Technologies in a research report on Monday, November 24th. They issued an “overweight” rating and a $43.00 price objective for the company. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a report on Friday. Finally, Zacks Research cut shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th.

Voyager Technologies Stock Up 1.6%

Shares of VOYG opened at $27.45 on Friday. The business’s fifty day moving average price is $29.50 and its two-hundred day moving average price is $28.36. The firm has a market capitalization of $1.46 billion and a price-to-earnings ratio of -6.34. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $73.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37.

Voyager Technologies (NYSE:VOYG) 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 firm had revenue of $46.65 million for the quarter. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies in the fourth quarter valued at about $26,000. Steward Partners Investment Advisory LLC acquired a new position in Voyager Technologies in the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Voyager Technologies during the fourth quarter worth about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Voyager Technologies during the 4th quarter worth about $33,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies in the 3rd quarter valued at about $34,000.

About Voyager Technologies

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.