Kennedy Capital Management LLC acquired a new position in shares of Voyager Technologies, Inc. (NYSE:VOYG – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 265,710 shares of the company’s stock, valued at approximately $6,946,000. Kennedy Capital Management LLC owned approximately 0.49% of Voyager Technologies at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Voyager Technologies during the 4th quarter worth approximately $28,000. Ameritas Investment Partners Inc. purchased a new position in shares of Voyager Technologies during the 3rd quarter worth approximately $34,000. Russell Investments Group Ltd. purchased a new position in shares of Voyager Technologies during the 3rd quarter worth approximately $35,000. Finally, Arax Advisory Partners purchased a new position in shares of Voyager Technologies during the 4th quarter worth approximately $37,000.
Analyst Upgrades and Downgrades
Several research firms have commented on VOYG. Wedbush lifted their target price on shares of Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. TD Cowen began coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating for the company. Citigroup lifted their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, BTIG Research began coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.92.
Voyager Technologies Stock Down 2.0%
Shares of VOYG opened at $40.33 on Tuesday. The firm has a market cap of $2.16 billion and a PE ratio of -14.51. The company’s fifty day moving average is $35.63 and its two-hundred day moving average is $30.45. Voyager Technologies, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $56.68. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11.
Voyager Technologies (NYSE:VOYG – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $35.25 million for the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company’s revenue was up .1% on a year-over-year basis. Analysts forecast that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.
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.
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