Voyager Technologies (NYSE:VOYG) Stock Price Up 6.4% – Time to Buy?

Voyager Technologies, Inc. (NYSE:VOYG) shot up 6.4% on Tuesday . The company traded as high as $34.86 and last traded at $35.2020. Approximately 607,404 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,824,058 shares. The stock had previously closed at $33.10.

Analysts Set New Price Targets

A number of research firms recently issued reports on VOYG. BTIG Research started coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target on the stock. Wall Street Zen upgraded shares of Voyager Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Wolfe Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Wedbush began coverage on shares of Voyager Technologies in a research note on Wednesday, July 1st. They set an “outperform” rating and a $46.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a research note on Sunday, August 9th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Voyager Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $45.20.

Voyager Technologies Stock Up 4.2%

The company has a market cap of $2.01 billion, a PE ratio of -14.72 and a beta of 4.39. The business has a fifty day simple moving average of $33.13 and a two-hundred day simple moving average of $32.83. 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 (NYSE:VOYG) last issued 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 business had revenue of $52.75 million during the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. Voyager Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.23) earnings per share. As a group, equities research analysts predict that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the transaction, the president directly owned 187,758 shares of the company’s stock, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Investors Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position 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 worth $74,404,000 after buying an additional 650,531 shares in the last quarter. Tema ETFs LLC grew its holdings in Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $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 valued at $42,593,000. Capital International Investors increased its stake in shares of Voyager Technologies by 93.4% in the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock worth $27,007,000 after acquiring an additional 498,963 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Voyager Technologies by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after acquiring an additional 5,225 shares during the period.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.