Analysts Set Voyager Technologies, Inc. (NYSE:VOYG) Price Target at $40.64

Voyager Technologies, Inc. (NYSE:VOYG) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.6364.

Several research analysts recently commented on the company. Morgan Stanley set a $39.00 target price on Voyager Technologies in a research report on Friday, January 16th. TD Cowen assumed coverage on Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating for the company. Citigroup assumed coverage on Voyager Technologies in a research report on Monday, March 30th. They issued a “buy” rating and a $36.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th.

Voyager Technologies Stock Up 15.9%

Shares of VOYG stock opened at $29.69 on Friday. The stock has a market cap of $1.59 billion and a P/E ratio of -10.68. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95. The stock has a fifty day moving average price of $27.55 and a 200 day moving average price of $27.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.34.

Voyager Technologies (NYSE:VOYG) last issued its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.14. The firm had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Voyager Technologies will post -3.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec bought a new position in shares of Voyager Technologies during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Voyager Technologies during the fourth quarter valued at $28,000. Sunbelt Securities Inc. bought a new position in shares of Voyager Technologies during the fourth quarter valued at $33,000. Ameritas Investment Partners Inc. bought a new position in shares of Voyager Technologies during the third quarter valued at $34,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Voyager Technologies during the third quarter valued at $35,000.

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.