Voyager Technologies (NYSE:VOYG) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Voyager Technologies (NYSE:VOYG) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of Voyager Technologies in a report on Friday, March 13th. Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Finally, TD Cowen started coverage on shares of Voyager Technologies in a research note on Wednesday. They issued a “buy” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Voyager Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Voyager Technologies Price Performance

Voyager Technologies stock opened at $26.75 on Tuesday. The firm has a market cap of $1.43 billion and a PE ratio of -6.18. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.37 and a quick ratio of 4.34. The stock’s fifty day moving average price is $27.66 and its two-hundred day moving average price is $28.02. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95.

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 net margin of 62.98% and a negative return on equity of 23.35%. The company had revenue of $46.65 million for the quarter. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Senvest Management LLC boosted its stake in shares of Voyager Technologies by 29.3% in the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after purchasing an additional 884,962 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Voyager Technologies by 88.1% during the 4th 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 increased 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 in the last quarter. Vanguard Group Inc. lifted its stake in Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after purchasing an additional 256,499 shares during the last quarter. Finally, Capital International Investors boosted its position in Voyager Technologies by 93.4% in the fourth 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 in the last quarter.

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. 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.