Morgan Stanley Reaffirms Underweight Rating for Voyager Technologies (NYSE:VOYG)

Voyager Technologies (NYSE:VOYG)‘s stock had its “underweight” rating reissued by research analysts at Morgan Stanley in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $39.00 price objective on the stock. Morgan Stanley’s price target would suggest a potential upside of 55.72% from the stock’s current price.

A number of other brokerages have also commented on VOYG. Wells Fargo & Company started coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research note on Wednesday, June 3rd. TD Cowen started coverage on shares of Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Finally, Citigroup raised their price target on shares of Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Voyager Technologies presently has an average rating of “Moderate Buy” and an average price target of $43.64.

Voyager Technologies Stock Down 5.8%

Shares of NYSE:VOYG opened at $25.05 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40. The business’s 50 day simple moving average is $37.37 and its two-hundred day simple moving average is $31.67. The firm has a market cap of $1.34 billion and a P/E ratio of -9.01.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million during the quarter. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts forecast that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

Hedge funds have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Voyager Technologies in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Voyager Technologies during the fourth quarter worth about $28,000. Sunbelt Securities Inc. bought a new stake in Voyager Technologies in the 4th quarter worth about $33,000. Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies in the 3rd quarter worth about $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in Voyager Technologies in the 3rd quarter valued at about $35,000.

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.