Readystate Asset Management LP purchased a new position in Voyager Technologies, Inc. (NYSE:VOYG – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,223 shares of the company’s stock, valued at approximately $613,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in shares of Voyager Technologies by 44,598.9% in the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after buying an additional 40,139 shares during the last quarter. Vanderbilt University purchased a new stake in Voyager Technologies during the fourth quarter valued at $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Voyager Technologies in the fourth quarter valued at about $7,334,000. HB Wealth Management LLC purchased a new position in Voyager Technologies in the fourth quarter worth about $1,169,000. Finally, Kestra Advisory Services LLC boosted its position in 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.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Wedbush assumed coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective on the stock. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. TD Cowen began coverage on shares of Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Finally, Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Voyager Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $43.64.
Voyager Technologies Stock Performance
Shares of VOYG opened at $22.59 on Thursday. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $35.77 and a two-hundred day simple moving average of $31.51. The stock has a market cap of $1.21 billion and a price-to-earnings ratio of -8.12. Voyager Technologies, Inc. has a 52 week low of $17.41 and a 52 week high of $52.40.
Voyager Technologies (NYSE:VOYG – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. The firm had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current year.
About Voyager Technologies
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.
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