Tidal Investments LLC Invests $42.59 Million in Voyager Technologies, Inc. $VOYG

Key Points

• Tidal Investments acquired a new 1.32 million-share stake in Voyager Technologies worth approximately $42.6 million, representing about 2.27% of the company. Several other institutional investors also built or initiated sizable positions.
• Analyst sentiment remains generally positive, with Voyager holding a “Moderate Buy” consensus rating and an average price target of $45.20, though targets range from $37 to $55.
• Voyager reported quarterly revenue of $52.75 million, up 15.4% year over year, and a loss of $0.70 per share that beat estimates. Despite the earnings beat, the company remains deeply unprofitable, with a negative 78.61% net margin, while shares opened at $33.82 after a reported 4.5% decline.

Tidal Investments LLC acquired a new stake in shares of Voyager Technologies, Inc. (NYSE:VOYG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,320,717 shares of the company's stock, valued at approximately $42,593,000. Tidal Investments LLC owned about 2.27% of Voyager Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VOYG. Alyeska Investment Group L.P. bought a new position in Voyager Technologies during the third quarter valued at about $54,119,000. Wellington Management Group LLP lifted its position in shares of Voyager Technologies by 653.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company's stock worth $48,589,000 after acquiring an additional 1,415,192 shares during the period. Tema ETFs LLC grew its holdings in shares of Voyager Technologies by 125,688.6% during the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company's stock worth $43,650,000 after purchasing an additional 1,352,409 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Voyager Technologies during the 2nd quarter worth approximately $38,997,000. Finally, Senvest Management LLC increased its position in shares of Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company's stock valued at $102,096,000 after purchasing an additional 884,962 shares during the period.

Analysts Set New Price Targets

VOYG has been the subject of several research reports. Wolfe Research reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. 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. BTIG Research began coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They issued a "buy" rating and a $55.00 price objective for the company. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They set an "outperform" rating and a $46.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Voyager Technologies from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.20.

Voyager Technologies Stock Down 4.5%

Shares of NYSE VOYG opened at $33.82 on Thursday. Voyager Technologies, Inc. has a 52-week low of $17.41 and a 52-week high of $52.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80. The business has a fifty day moving average of $33.19 and a two-hundred day moving average of $32.71. The stock has a market cap of $1.97 billion, a PE ratio of -14.45 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share 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 net margin of 78.61% and a negative return on equity of 27.31%. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.23) EPS. As a group, equities research analysts expect that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the company'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 sale, the president directly owned 187,758 shares of the company's stock, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Corporate insiders own 27.04% of the company's stock.

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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