Voyager Technologies, Inc. (NYSE:VOYG) Stock Has Average Price Target of $45.20

Shares of Voyager Technologies, Inc. (NYSE:VOYG – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.20.

VOYG has been the topic of a number of research reports. Wedbush began coverage on shares of Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price objective on shares of Voyager Technologies in a report on Sunday, August 9th. Citigroup raised their target price on Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Voyager Technologies in a research report on Tuesday, September 22nd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a report on Wednesday, August 5th.

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Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the completion of the transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Investors Weigh In On Voyager Technologies

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in Voyager Technologies by 66.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the period. Johnson Financial Group Inc. acquired a new stake in Voyager Technologies in the first quarter valued at approximately $42,000. Integrated Wealth Concepts LLC acquired a new stake in Voyager Technologies in the second quarter valued at approximately $46,000. Royal Bank of Canada increased its position in shares of Voyager Technologies by 18.8% in the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after buying an additional 481 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies during the 4th quarter worth approximately $82,000.

Voyager Technologies Trading Up 3.6%

Voyager Technologies stock opened at $30.98 on Wednesday. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $52.40. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -13.24 and a beta of 4.44. The stock has a 50-day moving average price of $34.52 and a 200 day moving average price of $33.35.

Voyager Technologies (NYSE:VOYG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The company had revenue of $52.75 million for the quarter. During the same quarter last year, the company posted ($1.23) EPS. Voyager Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. Sell-side analysts anticipate that Voyager Technologies will post -3.48 EPS for the current year.

Voyager Technologies Company Profile

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Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.

The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.

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