Quantinno Capital Management LP Acquires Shares of 69,040 Voyager Technologies, Inc. $VOYG

Key Points

• Quantinno Capital Management initiated a position in Voyager Technologies by purchasing 69,040 shares worth approximately $1.615 million, representing about 0.13% of the company.
• Analyst sentiment is broadly positive, with Voyager receiving a “Moderate Buy” consensus rating and an average price target of $43.91, though Morgan Stanley maintains an “underweight” rating with a $37 target.
• Voyager’s latest quarter showed improving performance: revenue rose 15.4% year over year to $52.75 million, and its adjusted loss of $0.70 per share beat estimates, although the company remains unprofitable with a negative net margin of 78.61%.

Quantinno Capital Management LP bought a new position in shares of Voyager Technologies, Inc. (NYSE:VOYG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,040 shares of the company's stock, valued at approximately $1,615,000. Quantinno Capital Management LP owned about 0.13% of Voyager Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in Voyager Technologies during the 2nd quarter worth $40,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the fourth quarter worth about $26,000. Osaic Holdings Inc. purchased a new stake in Voyager Technologies during the 2nd quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd acquired a new stake in Voyager Technologies during the 4th quarter worth approximately $28,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Voyager Technologies in the third quarter valued at approximately $34,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VOYG. Weiss Ratings raised Voyager Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, June 26th. Wolfe Research restated an "outperform" rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. BTIG Research assumed coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They issued a "buy" rating and a $55.00 target price on the stock. TD Cowen initiated coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They set a "buy" rating on the stock. Finally, Morgan Stanley reissued an "underweight" rating and set a $37.00 price target on shares of Voyager Technologies in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.91.

Voyager Technologies Trading Up 0.7%

Shares of VOYG opened at $43.21 on Thursday. Voyager Technologies, Inc. has a twelve month low of $17.41 and a twelve month high of $52.40. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $2.39 billion, a P/E ratio of -18.47 and a beta of 4.19. The firm's 50-day moving average is $33.49 and its two-hundred day moving average is $31.67.

Voyager Technologies (NYSE:VOYG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $52.75 million during 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% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.23) earnings per share. On average, research analysts predict that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Voyager Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source