Voyager Technologies (NYSE:VOYG) Posts Quarterly Earnings Results

Voyager Technologies (NYSE:VOYG) posted its quarterly earnings results on Monday. The company reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.25, Zacks reports. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%.

Voyager Technologies Price Performance

Shares of NYSE:VOYG traded up $3.53 on Monday, hitting $28.06. The company had a trading volume of 1,889,485 shares, compared to its average volume of 1,898,655. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.50 billion, a PE ratio of -10.09 and a beta of 4.19. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40. The business has a 50 day moving average of $35.04 and a 200 day moving average of $31.40.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VOYG shares. Citigroup boosted their price target on Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley reiterated an “underweight” rating and set a $39.00 target price on shares of Voyager Technologies in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Wedbush initiated coverage on Voyager Technologies in a research note on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price target for the company. Finally, Wolfe Research reiterated an “outperform” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Voyager Technologies during the 3rd quarter worth about $54,119,000. Wellington Management Group LLP raised its position in shares of Voyager Technologies by 653.9% in the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after buying an additional 1,415,192 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies during the second quarter valued at approximately $38,997,000. Senvest Management LLC boosted its position in Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after acquiring an additional 884,962 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Voyager Technologies during the second quarter worth approximately $24,720,000.

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.