Wedbush Reaffirms “Outperform” Rating for Voyager Technologies (NYSE:VOYG)

Voyager Technologies (NYSE:VOYG)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a report issued on Friday,Benzinga reports. They currently have a $46.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 70.37% from the stock’s previous close.

A number of other research analysts have also issued reports on VOYG. Zacks Research lowered Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a report on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.88.

Voyager Technologies Stock Performance

NYSE VOYG opened at $27.00 on Friday. The stock has a market capitalization of $1.44 billion and a price-to-earnings ratio of -6.24. The stock has a 50-day moving average of $29.52 and a 200 day moving average of $28.42. The company has a current ratio of 4.37, a quick ratio of 4.90 and a debt-to-equity ratio of 1.04. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The business had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOYG. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies in the fourth quarter valued at approximately $82,000. Sunbelt Securities Inc. acquired a new position in Voyager Technologies during the fourth quarter worth $33,000. Invesco Ltd. boosted its stake in Voyager Technologies by 12.1% during the fourth quarter. Invesco Ltd. now owns 312,617 shares of the company’s stock worth $8,172,000 after buying an additional 33,735 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Voyager Technologies in the 4th quarter valued at $956,000. Finally, XTX Topco Ltd acquired a new stake in shares of Voyager Technologies in the 4th quarter worth $869,000.

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.