Voyager Technologies (NYSE:VOYG) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Voyager Technologies (NYSE:VOYG) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage issued an underweight rating and a $21.00 price objective on the stock.

Several other equities research analysts have also recently commented on the company. TD Cowen started coverage on Voyager Technologies in a research note on Wednesday. They issued a “buy” rating and a $35.00 price target for the company. Citigroup began coverage on shares of Voyager Technologies in a research note on Monday. They issued a “buy” rating and a $36.00 target price for the company. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th. Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a research note on Friday, March 13th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Voyager Technologies currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Voyager Technologies Price Performance

VOYG opened at $23.74 on Wednesday. The stock has a fifty day moving average price of $27.81 and a 200 day moving average price of $28.03. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. Voyager Technologies has a 1 year low of $17.41 and a 1 year high of $73.95. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of -5.48.

Voyager Technologies (NYSE:VOYG) last issued 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). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The firm had revenue of $46.65 million during the quarter. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOYG. Steward Partners Investment Advisory LLC bought a new stake in Voyager Technologies during the second quarter worth approximately $28,000. Legal & General Group Plc bought a new position in shares of Voyager Technologies in the second quarter valued at approximately $40,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Voyager Technologies in the fourth quarter worth $26,000. Osaic Holdings Inc. bought a new stake in shares of Voyager Technologies during the 2nd quarter worth $40,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Voyager Technologies during the 4th quarter worth $28,000.

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.