Voyager Technologies (NYSE:VOYG) Price Target Lowered to $39.00 at JPMorgan Chase & Co.

Voyager Technologies (NYSE:VOYG) had its price objective lowered by JPMorgan Chase & Co. from $43.00 to $39.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on VOYG. Morgan Stanley set a $39.00 price target on Voyager Technologies in a research report on Friday, January 16th. Zacks Research cut Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Wells Fargo & Company began coverage on Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. TD Cowen began coverage on Voyager Technologies in a research report on Wednesday, April 1st. They set a “buy” rating and a $35.00 price target on the stock. Finally, Citigroup assumed coverage on Voyager Technologies in a research report on Monday, March 30th. They set a “buy” rating and a $36.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.64.

Voyager Technologies Stock Up 0.9%

Shares of Voyager Technologies stock opened at $30.04 on Monday. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The business’s 50 day simple moving average is $26.99 and its 200-day simple moving average is $27.91. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of -6.94. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95.

Voyager Technologies (NYSE:VOYG) last announced 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 for the quarter. Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The business’s revenue was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Several large investors have recently added to or reduced their stakes in the business. Senvest Management LLC increased its position in 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 acquiring an additional 884,962 shares during the period. Alyeska Investment Group L.P. increased its position in Voyager Technologies by 88.1% in 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 acquiring an additional 1,600,540 shares during the period. Wellington Management Group LLP increased its position in Voyager Technologies by 23.7% in the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock valued at $52,741,000 after acquiring an additional 386,010 shares during the period. Vanguard Group Inc. increased its position 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 acquiring an additional 256,499 shares during the period. Finally, Capital International Investors increased its position in Voyager Technologies by 93.4% in the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after acquiring an additional 498,963 shares during the period.

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.