Bank of New York Mellon Corp Purchases 98,505 Shares of Voyager Technologies, Inc. $VOYG

Key Points

• Bank of New York Mellon increased its Voyager Technologies stake by 319.4% in the first quarter, purchasing 98,505 additional shares and holding 129,349 shares worth approximately $3.03 million.
• Voyager shares traded up 9.4% to $41.92, with a market capitalization of about $2.32 billion and a high beta of 4.19. The stock has ranged from $17.41 to $52.40 over the past year.
• Analyst sentiment is broadly positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $43.45; recent targets range from $39 to $55.

Bank of New York Mellon Corp boosted its stake in Voyager Technologies, Inc. (NYSE:VOYG - Free Report) by 319.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,349 shares of the company's stock after purchasing an additional 98,505 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Voyager Technologies worth $3,025,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. HB Wealth Management LLC raised its holdings in shares of Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company's stock valued at $1,055,000 after purchasing an additional 376 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company's stock valued at $812,000 after purchasing an additional 757 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Voyager Technologies by 33.8% in the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company's stock worth $91,000 after purchasing an additional 882 shares during the period. Legal & General Group Plc purchased a new position in shares of Voyager Technologies in the second quarter worth approximately $40,000. Finally, Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the fourth quarter valued at approximately $26,000.

Voyager Technologies Trading Up 9.4%

NYSE VOYG opened at $41.92 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 4.52 and a current ratio of 3.80. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -17.92 and a beta of 4.19. The company's 50-day simple moving average is $33.75 and its two-hundred day simple moving average is $31.48. Voyager Technologies, Inc. has a one year low of $17.41 and a one year high of $52.40.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VOYG shares. Wedbush began coverage on Voyager Technologies in a research note on Wednesday, July 1st. They set an "outperform" rating and a $46.00 price objective for the company. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They issued a "buy" rating and a $55.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Voyager Technologies from $43.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, April 13th. Zacks Research raised shares of Voyager Technologies from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 15th. Finally, TD Cowen assumed coverage on Voyager Technologies in a research report on Monday, April 20th. They set a "buy" rating for the company. Two equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.45.

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.

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