Tidal Investments LLC Makes New $42.59 Million Investment in Voyager Technologies, Inc. $VOYG

Tidal Investments LLC bought a new position in shares of Voyager Technologies, Inc. (NYSE:VOYG) during the 2nd quarter, Holdings Channel reports. The firm bought 1,320,717 shares of the company’s stock, valued at approximately $42,593,000.

A number of other institutional investors have also made changes to their positions in the business. Archford Capital Strategies LLC acquired a new position in Voyager Technologies during the 2nd quarter worth about $421,000. Integrated Wealth Concepts LLC acquired a new stake in Voyager Technologies in the 2nd quarter valued at about $46,000. California State Teachers Retirement System raised its stake in shares of Voyager Technologies by 3,164.2% in the second quarter. California State Teachers Retirement System now owns 574,308 shares of the company’s stock worth $17,808,000 after acquiring an additional 556,714 shares during the last quarter. Readystate Asset Management LP lifted its position in shares of Voyager Technologies by 1,464.5% during the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after purchasing an additional 384,028 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Voyager Technologies by 1.0% during the second quarter. HB Wealth Management LLC now owns 45,567 shares of the company’s stock worth $1,470,000 after purchasing an additional 471 shares in the last quarter.

Voyager Technologies Trading Down 4.5%

VOYG opened at $33.82 on Thursday. The firm has a 50 day simple moving average of $33.19 and a 200 day simple moving average of $32.71. Voyager Technologies, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -14.45 and a beta of 4.39. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. The firm had revenue of $52.75 million for the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. Voyager Technologies’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.23) earnings per share. On average, sell-side analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president directly owned 187,758 shares of the company’s stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VOYG shares. Morgan Stanley reissued an “underweight” rating and issued a $37.00 price target on shares of Voyager Technologies in a report on Wednesday, August 5th. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Wall Street Zen raised Voyager Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. Wolfe Research restated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set 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 issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Voyager Technologies Company Profile

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.