43,726 Voyager Technologies, Inc. $VOYG Shares Sold by Obermeyer Wealth Partners

Key Points

• Obermeyer Wealth Partners cut its Voyager Technologies position by 47.3%, selling 43,726 shares in the third quarter and retaining 48,726 shares valued at approximately $1.47 million.
• Institutional sentiment was mixed: Wellington Management, Readystate Asset Management, Bank of America and others increased holdings, while Voyager’s president sold 199,807 shares under a pre-arranged Rule 10b5-1 plan.
• Analysts hold a consensus “Moderate Buy” rating with an average $44.20 price target, despite the stock opening at $24.46 and the company continuing to report losses; quarterly revenue rose 15.4% year over year and EPS exceeded expectations.

Obermeyer Wealth Partners decreased its position in shares of Voyager Technologies, Inc. (NYSE:VOYG - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,726 shares of the company's stock after selling 43,726 shares during the quarter. Obermeyer Wealth Partners owned about 0.08% of Voyager Technologies worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOYG. Readystate Asset Management LP raised its stake in 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 buying an additional 384,028 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Voyager Technologies in the first quarter valued at $565,000. Bank of America Corp DE boosted its position in Voyager Technologies by 66.7% during the first quarter. Bank of America Corp DE now owns 444,434 shares of the company's stock valued at $10,395,000 after acquiring an additional 177,842 shares during the last quarter. Tidal Investments LLC bought a new stake in Voyager Technologies during the second quarter valued at $42,593,000. Finally, Wellington Management Group LLP grew its holdings in Voyager Technologies by 39.3% during 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 period.

Analyst Ratings Changes

VOYG has been the subject of several research analyst reports. Wall Street Zen lowered Voyager Technologies from a "sell" rating to a "strong sell" rating in a research report on Monday, October 12th. Morgan Stanley decreased their target price on Voyager Technologies from $37.00 to $36.00 and set an "underweight" rating for the company in a research note on Friday, October 16th. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 target price on shares of Voyager Technologies in a report on Tuesday, October 6th. Weiss Ratings lowered Voyager Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, October 6th. Finally, Citigroup boosted their price target on Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Two 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, Voyager Technologies has a consensus rating of "Moderate Buy" and an average price target of $44.20.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the transaction, the president directly owned 187,758 shares in the company, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by insiders.

Voyager Technologies Stock Up 0.8%

VOYG opened at $24.46 on Thursday. Voyager Technologies, Inc. has a 1-year low of $17.41 and a 1-year high of $52.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average price of $32.95 and a two-hundred day moving average price of $33.53.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.23) EPS. Analysts expect that Voyager Technologies, Inc. will post -3.37 earnings per share for the current year.

Voyager Technologies Profile

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company's portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.

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