Voyager Technologies, Inc. (NYSE:VOYG – Get Free Report) shares were down 6.5% during mid-day trading on Wednesday. The company traded as low as $29.07 and last traded at $28.8650. Approximately 384,784 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,927,457 shares. The stock had previously closed at $30.88.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Wedbush assumed coverage on Voyager Technologies in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Wall Street Zen upgraded Voyager Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday. Jefferies Financial Group restated a “buy” rating and set a $55.00 target price on shares of Voyager Technologies in a report on Tuesday. Citigroup raised their target price on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Voyager Technologies in a research note on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.20.
Read Our Latest Stock Analysis on VOYG
Voyager Technologies Stock Down 8.7%
Voyager Technologies (NYSE:VOYG – Get Free Report) last released its quarterly 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. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The firm had revenue of $52.75 million for the quarter. During the same quarter last year, the firm posted ($1.23) EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current year.
Insider Buying and Selling at Voyager Technologies
In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.
Institutional Investors Weigh In On Voyager Technologies
Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in Voyager Technologies by 39.3% during the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after purchasing an additional 650,531 shares during the period. Tema ETFs LLC lifted its holdings in shares of Voyager Technologies by 125,688.6% in the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after buying an additional 1,352,409 shares in the last quarter. Tidal Investments LLC purchased a new stake in Voyager Technologies in the 2nd quarter worth approximately $42,593,000. Capital International Investors boosted its stake in Voyager Technologies by 93.4% during the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after buying an additional 498,963 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Voyager Technologies by 0.5% during the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after purchasing an additional 5,225 shares in the last quarter.
Voyager Technologies Company Profile
Voyager Technologies, Inc is a space and defense company that develops technologies and provides infrastructure for commercial, civil and national-security missions. Its activities span space exploration, orbital infrastructure, satellite and spacecraft systems, defense solutions, and research conducted in the microgravity environment.
The company supports the development of commercial space stations and other in-orbit platforms, while also providing mission services, robotics, payload integration and related space technologies.
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