Voyager Technologies, Inc. $VOYG Shares Acquired by Readystate Asset Management LP

Key Points

• Readystate Asset Management increased its Voyager Technologies stake by 1,464.5% in the second quarter, acquiring 384,028 additional shares and bringing its total holdings to 410,251 shares worth approximately $13.2 million.
• Analyst sentiment remains moderately bullish: Voyager has a consensus “Moderate Buy” rating and an average price target of $45.20, although Morgan Stanley maintains an “Underweight” rating with a $37 target.
• President Matthew Kuta sold 199,807 shares for approximately $8.6 million under a Rule 10b5-1 plan. Voyager’s latest quarter showed revenue growth of 15.4% year over year and an adjusted loss of $0.70 per share, better than analyst expectations.

Readystate Asset Management LP boosted its holdings in Voyager Technologies, Inc. (NYSE:VOYG - Free Report) by 1,464.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,251 shares of the company's stock after purchasing an additional 384,028 shares during the quarter. Readystate Asset Management LP owned approximately 0.70% of Voyager Technologies worth $13,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VOYG. HB Wealth Management LLC lifted its holdings in shares of Voyager Technologies by 0.8% during the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company's stock worth $1,055,000 after acquiring an additional 376 shares during the period. World Equity Group Inc. increased its position in Voyager Technologies by 1.1% during the second quarter. World Equity Group Inc. now owns 38,433 shares of the company's stock worth $1,239,000 after purchasing an additional 400 shares during the last quarter. Royal Bank of Canada raised its stake in Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company's stock worth $71,000 after purchasing an additional 481 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Voyager Technologies by 2.9% in 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. Finally, Legal & General Group Plc purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at $40,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BTIG Research initiated coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a "buy" rating and a $55.00 target price on the stock. Citigroup upped their price target on Voyager Technologies from $44.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Morgan Stanley restated an "underweight" rating and issued a $37.00 price objective on shares of Voyager Technologies in a report on Wednesday, August 5th. Wall Street Zen upgraded Voyager Technologies from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, Weiss Ratings raised shares of Voyager Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.20.

Insider Buying and Selling

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 value of $8,585,706.79. Following the completion of the transaction, the president directly owned 187,758 shares of the company's stock, valued at $8,067,961.26. This represents a 51.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by corporate insiders.

Voyager Technologies Trading Down 0.2%

Shares of VOYG opened at $33.86 on Monday. Voyager Technologies, Inc. has a 12 month low of $17.41 and a 12 month high of $52.40. The stock's 50-day moving average is $33.05 and its two-hundred day moving average is $32.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The stock has a market cap of $1.97 billion, a PE ratio of -14.47 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating 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 business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.23) earnings per share. Equities analysts forecast 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.

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