Voyager Technologies (NYSE:VOYG) Earns “Outperform” Rating from Wedbush

Voyager Technologies (NYSE:VOYG)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Friday,Benzinga reports. They presently have a $46.00 target price on the stock. Wedbush’s price target would suggest a potential upside of 47.20% from the stock’s current price.

VOYG has been the subject of several other reports. Wells Fargo & Company assumed coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective for the company. Morgan Stanley set a $39.00 price objective on Voyager Technologies in a research note on Friday, January 16th. TD Cowen assumed coverage on Voyager Technologies in a research note on Wednesday, April 1st. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.64.

Voyager Technologies Trading Down 4.0%

Shares of NYSE:VOYG opened at $31.25 on Friday. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $73.95. The stock has a market cap of $1.67 billion and a price-to-earnings ratio of -7.22. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $27.30 and a 200-day moving average price of $27.96.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. Voyager Technologies’s 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 stock. Compass Wealth Management LLC purchased a new position in Voyager Technologies during the third quarter valued at approximately $2,318,000. Vanderbilt University purchased a new position in Voyager Technologies during the fourth quarter valued at approximately $3,579,000. Penserra Capital Management LLC purchased a new position in Voyager Technologies during the third quarter valued at approximately $3,544,000. Liberty Street Advisors Inc. raised its position in Voyager Technologies by 25.1% during the fourth quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock valued at $17,821,000 after acquiring an additional 136,925 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Voyager Technologies during the third quarter valued at approximately $1,182,000.

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.