Voyager Technologies (NYSE:VOYG) Stock Price Up 6.4% – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VOYG. BTIG Research initiated coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective for the company. Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 price target on shares of Voyager Technologies in a report on Wednesday, August 5th. Wall Street Zen upgraded Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 target price on shares of Voyager Technologies in a research report on Sunday, August 9th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Voyager Technologies Stock Up 4.7%

The stock’s 50-day moving average price is $33.21 and its 200-day moving average price is $32.93. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -15.71 and a beta of 4.39. 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 quarterly earnings results 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. 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 during the quarter. During the same quarter in the previous year, the business posted ($1.23) earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts expect that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the completion of the sale, the president directly owned 187,758 shares in the company, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.04% of the company’s stock.

Hedge Funds Weigh In On Voyager Technologies

A number of large investors have recently modified their holdings of VOYG. Wellington Management Group LLP raised its holdings in shares of Voyager Technologies by 39.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock worth $74,404,000 after acquiring an additional 650,531 shares during the last quarter. 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 valued at $43,650,000 after purchasing an additional 1,352,409 shares in the last quarter. Tidal Investments LLC bought a new stake in Voyager Technologies during the second quarter worth $42,593,000. Capital International Investors lifted its stake in Voyager Technologies by 93.4% during the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after acquiring an additional 498,963 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Voyager Technologies by 0.5% in 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 in the last quarter.

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.