Voyager Technologies (NYSE:VOYG) Trading 9.3% Higher Following Analyst Upgrade

Voyager Technologies, Inc. (NYSE:VOYGGet Free Report)’s share price rose 9.3% on Wednesday after Wedbush upgraded the stock to a strong-buy rating. The company traded as high as $34.63 and last traded at $35.26. Approximately 211,285 shares were traded during trading, a decline of 89% from the average daily volume of 1,960,086 shares. The stock had previously closed at $32.25.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company began coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price on the stock. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. TD Cowen began coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. Finally, BTIG Research started coverage on Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

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Institutional Investors Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Senvest Management LLC increased its stake in shares of Voyager Technologies by 29.3% in the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares during the period. Alyeska Investment Group L.P. boosted its stake in Voyager Technologies by 88.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock valued at $89,342,000 after purchasing an additional 1,600,540 shares during the period. Wellington Management Group LLP grew its holdings in Voyager Technologies by 23.7% in the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock valued at $52,741,000 after buying an additional 386,010 shares during the last quarter. Vanguard Group Inc. increased its position in Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after buying an additional 256,499 shares during the period. Finally, Capital International Investors increased its position in Voyager Technologies by 93.4% in the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock worth $27,007,000 after buying an additional 498,963 shares during the period.

Voyager Technologies Trading Up 1.0%

The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The company has a market capitalization of $1.83 billion and a price-to-earnings ratio of -12.28. The business has a fifty day moving average price of $36.69 and a 200 day moving average price of $31.35.

Voyager Technologies (NYSE:VOYGGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The business had revenue of $35.25 million for the quarter. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts expect that Voyager Technologies, Inc. will post -3.58 EPS for the current fiscal year.

Voyager Technologies Company Profile

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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.

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