Voyager Technologies (NYSE:VOYG) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Voyager Technologies (NYSE:VOYG) in a report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $36.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of Voyager Technologies in a research report on Friday, March 13th. Finally, Morgan Stanley set a $39.00 target price on Voyager Technologies in a research note on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Voyager Technologies has a consensus rating of “Hold” and an average price target of $43.89.

Voyager Technologies Price Performance

Shares of VOYG stock opened at $21.97 on Monday. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two 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. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of -5.07. The stock’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $28.10.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate 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 23.35%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Several large investors have recently made changes to their positions in the business. Senvest Management LLC raised its holdings in shares of Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings 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 position in Voyager Technologies by 23.7% during the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock worth $52,741,000 after purchasing an additional 386,010 shares during the period. Vanguard Group Inc. grew its position in Voyager Technologies by 27.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after purchasing an additional 256,499 shares during the period. Finally, Capital International Investors raised its stake in shares of Voyager Technologies by 93.4% during the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after buying an additional 498,963 shares during the last quarter.

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.