Voyager Technologies (NYSE:VOYG) Shares Climb 10.6% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG) rose 10.6% during trading on Tuesday. The stock traded as high as $27.21 and last traded at $27.4050. 403,093 shares were traded during trading, a decline of 79% from the average daily volume of 1,902,153 shares. The stock had previously closed at $24.78.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen cut their price objective on shares of Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Weiss Ratings downgraded shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Citigroup upped their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Wall Street Zen raised Voyager Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 24th. Finally, Morgan Stanley reduced their price objective on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.20.

Voyager Technologies Stock Performance

The firm’s 50 day moving average price is $31.38 and its 200-day moving average price is $31.83. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80. The firm has a market capitalization of $1.58 billion, a PE ratio of -11.61 and a beta of 4.44.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. The firm had revenue of $52.75 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. Voyager Technologies’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned ($1.23) earnings per share. On average, research analysts expect that Voyager Technologies, Inc. will post -3.37 EPS for the current year.

Insider Transactions at Voyager Technologies

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president directly 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 ownership of the stock. The sale was disclosed in a document filed 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 Trading of Voyager Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in VOYG. Versant Capital Management Inc lifted its stake in Voyager Technologies by 66.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock valued at $33,000 after buying an additional 440 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Voyager Technologies in the 2nd quarter worth about $46,000. Sterling Capital Management LLC boosted its holdings in Voyager Technologies by 850.5% in the 3rd quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after buying an additional 1,548 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Voyager Technologies during the 1st quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC increased its stake in Voyager Technologies by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after buying an additional 361 shares in the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.