Wellington Management Group LLP Acquires 650,531 Shares of Voyager Technologies, Inc. $VOYG

Wellington Management Group LLP grew its stake in shares of Voyager Technologies, Inc. (NYSE:VOYG) by 39.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,307,088 shares of the company’s stock after purchasing an additional 650,531 shares during the quarter. Wellington Management Group LLP’s holdings in Voyager Technologies were worth $74,404,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank increased its holdings in Voyager Technologies by 44,598.9% in the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock valued at $1,052,000 after acquiring an additional 40,139 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Voyager Technologies during the 4th quarter valued at about $7,334,000. Bank of America Corp DE grew its position in shares of Voyager Technologies by 66.7% during the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after purchasing an additional 177,842 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Voyager Technologies during the first quarter valued at about $565,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of Voyager Technologies by 14,088.8% in the first quarter. Kestra Advisory Services LLC now owns 119,612 shares of the company’s stock worth $2,798,000 after purchasing an additional 118,769 shares during the last quarter.

Voyager Technologies Stock Up 1.1%

Shares of NYSE VOYG opened at $33.33 on Thursday. 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, Inc. has a 12-month low of $17.41 and a 12-month high of $52.40. The firm’s 50-day moving average price is $32.88 and its 200-day moving average price is $32.46. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -14.24 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results 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 company had revenue of $52.75 million during the quarter. During the same quarter in the prior year, the business posted ($1.23) EPS. The company’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating and issued a $37.00 target price on shares of Voyager Technologies in a research report on Wednesday, August 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Citigroup upped their price objective 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 upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Insider Activity at Voyager Technologies

In other news, President Matthew James Kuta sold 199,807 shares of Voyager Technologies 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 completion of the transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company’s stock.

Voyager Technologies Profile

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.