Voyager Technologies (NYSE:VOYG) Shares Down 4.7% – Should You Sell?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was down 4.7% during mid-day trading on Friday . The company traded as low as $35.10 and last traded at $34.87. Approximately 152,095 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,812,721 shares. The stock had previously closed at $36.60.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VOYG. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Voyager Technologies in a report on Sunday, August 9th. Citigroup increased their price objective on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. BTIG Research assumed 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 on the stock. Morgan Stanley restated an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.20.

Voyager Technologies Trading Down 5.4%

The company has a 50 day moving average of $33.29 and a 200-day moving average of $33.00. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -14.79 and a beta of 4.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. The business had revenue of $52.75 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.23) EPS. On average, research analysts anticipate 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 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 sale, the president directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Voyager Technologies

Institutional investors have recently modified their holdings of the company. HB Wealth Management LLC raised its holdings in Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after purchasing an additional 376 shares in the last quarter. World Equity Group Inc. grew its holdings in shares of Voyager Technologies by 1.1% during the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock worth $1,239,000 after purchasing an additional 400 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after purchasing an additional 481 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $46,000. Finally, California State Teachers Retirement System boosted its position in shares of Voyager Technologies by 11.0% in the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock valued at $412,000 after purchasing an additional 1,744 shares during the period.

About Voyager Technologies

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.