Voyager Therapeutics (NASDAQ:VYGR) Given a $35.00 Price Target by Canaccord Genuity Analysts

Voyager Therapeutics (NASDAQ:VYGR) has been given a $35.00 target price by investment analysts at Canaccord Genuity in a research report issued on Wednesday, March 14th. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 101.50% from the company’s current price.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Voyager Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BTIG Research initiated coverage on Voyager Therapeutics in a research note on Tuesday, December 19th. They issued a “buy” rating and a $32.00 price objective for the company. Piper Jaffray reissued a “buy” rating and issued a $40.00 price objective on shares of Voyager Therapeutics in a research note on Monday, March 12th. Zacks Investment Research raised Voyager Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Wedbush cut Voyager Therapeutics from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Voyager Therapeutics currently has an average rating of “Buy” and a consensus price target of $29.73.

NASDAQ VYGR traded down $0.76 during trading hours on Wednesday, reaching $17.37. The stock had a trading volume of 214,523 shares, compared to its average volume of 439,337. Voyager Therapeutics has a 52-week low of $8.10 and a 52-week high of $31.91. The firm has a market cap of $619.66, a P/E ratio of -6.58 and a beta of 2.97.

Voyager Therapeutics (NASDAQ:VYGR) last released its quarterly earnings data on Wednesday, March 14th. The company reported ($0.40) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.32. The business had revenue of $6.35 million for the quarter, compared to analyst estimates of $5.81 million. Voyager Therapeutics had a negative return on equity of 63.18% and a negative net margin of 697.03%. sell-side analysts anticipate that Voyager Therapeutics will post -2.54 earnings per share for the current year.

In other news, insider Bernard Ravina sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $16.40, for a total transaction of $59,532.00. Following the sale, the insider now owns 7,353 shares of the company’s stock, valued at approximately $120,589.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jane Henderson sold 11,200 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $20.52, for a total value of $229,824.00. Following the sale, the chief financial officer now directly owns 19,900 shares in the company, valued at approximately $408,348. The disclosure for this sale can be found here. Insiders have sold a total of 68,087 shares of company stock worth $1,588,741 in the last three months. Corporate insiders own 8.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Voyager Therapeutics by 73.9% during the fourth quarter. BlackRock Inc. now owns 1,210,763 shares of the company’s stock worth $20,099,000 after buying an additional 514,345 shares during the period. Farallon Capital Management LLC increased its position in Voyager Therapeutics by 290.5% during the fourth quarter. Farallon Capital Management LLC now owns 654,812 shares of the company’s stock worth $10,870,000 after buying an additional 487,147 shares during the period. Wells Fargo & Company MN increased its position in Voyager Therapeutics by 19.2% during the fourth quarter. Wells Fargo & Company MN now owns 449,525 shares of the company’s stock worth $7,462,000 after buying an additional 72,335 shares during the period. Vanguard Group Inc. increased its position in Voyager Therapeutics by 3.2% during the second quarter. Vanguard Group Inc. now owns 430,765 shares of the company’s stock worth $3,860,000 after buying an additional 13,194 shares during the period. Finally, AXA purchased a new position in shares of Voyager Therapeutics in the 4th quarter valued at approximately $5,591,000. 78.22% of the stock is currently owned by institutional investors.

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About Voyager Therapeutics

Voyager Therapeutics, Inc, a clinical-stage gene therapy company, focuses on the development of treatments for patients suffering from severe neurological diseases. The company's lead clinical candidate is the VY-AADC, which is in open-label Phase 1b clinical trials for the treatment of advanced Parkinson's disease.

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