Fortis Advisors LLC Acquires New Stake in Voyager Technologies, Inc. $VOYG

Fortis Advisors LLC purchased a new position in Voyager Technologies, Inc. (NYSE:VOYG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,563 shares of the company’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies in the third quarter worth about $34,000. Russell Investments Group Ltd. purchased a new stake in Voyager Technologies in the third quarter worth about $35,000. Legal & General Group Plc purchased a new stake in Voyager Technologies in the second quarter worth about $40,000. Osaic Holdings Inc. purchased a new stake in Voyager Technologies in the second quarter worth about $40,000. Finally, Strs Ohio purchased a new stake in Voyager Technologies in the third quarter worth about $74,000.

Wall Street Analyst Weigh In

A number of analysts have commented on VOYG shares. TD Cowen started coverage on Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reduced their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Wedbush upped their price target on Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup upped their price objective on Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.64.

Voyager Technologies Price Performance

Shares of Voyager Technologies stock opened at $49.50 on Friday. The stock has a 50 day moving average of $31.42 and a 200 day moving average of $28.57. Voyager Technologies, Inc. has a 12 month low of $17.41 and a 12 month high of $73.95. The firm has a market cap of $2.65 billion and a PE ratio of -17.81. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. The company had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.Voyager Technologies’s revenue was up .1% compared to the same quarter last year. On average, research analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal 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.