Wells Fargo & Company Begins Coverage on Voyager Technologies (NYSE:VOYG)

Investment analysts at Wells Fargo & Company started coverage on shares of Voyager Technologies (NYSE:VOYG) in a report issued on Wednesday, MarketBeat reports. The brokerage set an “underweight” rating and a $21.00 price target on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 21.50% from the company’s previous close.

A number of other equities analysts also recently issued reports on VOYG. Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $46.00 target price on shares of Voyager Technologies in a research report on Friday, March 13th. TD Cowen began coverage on Voyager Technologies in a research note on Wednesday. They issued a “buy” rating and a $35.00 price target for the company. Finally, Citigroup started coverage on Voyager Technologies in a report on Monday. They issued a “buy” rating and a $36.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Voyager Technologies Trading Up 12.6%

NYSE VOYG opened at $26.75 on Wednesday. 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 firm has a market cap of $1.43 billion and a PE ratio of -6.18. The company has a 50 day moving average price of $27.66 and a 200 day moving average price of $28.02. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $73.95.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The firm 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%. Voyager Technologies’s quarterly revenue was up 23.7% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

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

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.