Voyager Technologies (NYSE:VOYG) Rating Lowered to “Strong Sell” at Wall Street Zen

Voyager Technologies (NYSE:VOYG – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Monday, Wall Street Zen reports.

VOYG has been the subject of several other reports. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Voyager Technologies in a report on Tuesday, October 6th. Weiss Ratings downgraded shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Morgan Stanley reiterated an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Citigroup increased their price objective on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.30.

Read Our Latest Analysis on VOYG

Voyager Technologies Price Performance

NYSE VOYG opened at $26.35 on Monday. The business’s fifty day moving average is $34.80 and its 200 day moving average is $33.47. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19.

Voyager Technologies (NYSE:VOYG – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, topping the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The firm had revenue of $52.75 million for the quarter. During the same period last year, the business earned ($1.23) EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Research analysts forecast that Voyager Technologies will post -3.39 EPS for the current fiscal year.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the 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 of the company’s stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of Voyager Technologies by 24.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock valued at $55,000 after purchasing an additional 361 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Voyager Technologies by 66.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Voyager Technologies during the 2nd quarter valued at approximately $42,593,000. Archford Capital Strategies LLC purchased a new stake in Voyager Technologies during the 2nd quarter valued at $421,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Voyager Technologies during the second quarter worth $46,000.

About Voyager Technologies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Voyager Technologies (NYSE:VOYG)

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