Brokerages Set Voyager Technologies, Inc. (NYSE:VOYG) Price Target at $43.64

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $43.6364.

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. reduced their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. TD Cowen initiated coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. Wells Fargo & Company began coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $39.00 price objective on shares of Voyager Technologies in a research note on Wednesday, July 15th.

Voyager Technologies Price Performance

Shares of Voyager Technologies stock opened at $25.82 on Friday. The stock has a market capitalization of $1.38 billion and a P/E ratio of -9.29. The business has a 50 day simple moving average of $37.29 and a two-hundred day simple moving average of $31.66. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $52.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter. The firm’s revenue was up .1% compared to the same quarter last year. As a group, analysts predict that Voyager Technologies will post -3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of Voyager Technologies during the 2nd quarter valued at about $40,000. New York State Common Retirement Fund acquired a new stake in Voyager Technologies during the second quarter worth about $146,000. Squarepoint Ops LLC purchased a new position in Voyager Technologies during the second quarter worth about $7,501,000. Alliancebernstein L.P. purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at approximately $24,720,000. Finally, Raymond James Financial Inc. purchased a new stake in Voyager Technologies in the second quarter valued at $105,000.

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.