Voyager Technologies (NYSE:VOYG) Coverage Initiated by Analysts at Citigroup

Stock analysts at Citigroup assumed coverage on shares of Voyager Technologies (NYSE:VOYG) in a research report issued on Monday. The brokerage set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price target suggests a potential upside of 57.82% from the company’s previous close.

VOYG has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $46.00 target price on shares of Voyager Technologies in a report on Friday, March 13th. Zacks Research cut shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.89.

Voyager Technologies Price Performance

Shares of NYSE VOYG opened at $22.81 on Monday. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37. The company’s fifty day moving average is $28.44 and its two-hundred day moving average is $28.16. The firm has a market capitalization of $1.22 billion and a P/E ratio of -5.27.

Voyager Technologies (NYSE:VOYG) last released its quarterly 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). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The company had revenue of $46.65 million for the quarter. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in Voyager Technologies by 18.4% in the 3rd quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after buying an additional 685 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Voyager Technologies during the 2nd quarter valued at about $28,000. Ameriprise Financial Inc. lifted its holdings in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after acquiring an additional 757 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Voyager Technologies by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after acquiring an additional 882 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the second quarter worth approximately $40,000.

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.