Analysts Set Voyager Technologies, Inc. (NYSE:VOYG) Price Target at $44.88

Shares of Voyager Technologies, Inc. (NYSE:VOYG) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $44.8750.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 target price on the stock. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th. 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. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Finally, Zacks Research cut Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th.

Voyager Technologies Stock Down 6.0%

VOYG opened at $25.54 on Friday. The company has a market cap of $1.36 billion and a PE ratio of -5.90. The company has a 50-day moving average price of $29.25 and a 200 day moving average price of $28.30. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading of Voyager Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its stake in Voyager Technologies by 18.4% during the 3rd quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after acquiring an additional 685 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Voyager Technologies in the 2nd quarter valued at about $28,000. Ameriprise Financial Inc. raised its stake in shares of Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after purchasing an additional 757 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 buying an additional 882 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Voyager Technologies during the second quarter worth about $40,000.

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.