Voyager Technologies (NYSE:VOYG) Shares Climb 4.4% - Time to Buy?

Key Points

• Voyager Technologies shares rose 4.4% to approximately $32.73, although trading volume was 81% below the average daily level.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $45.20, compared with recent targets ranging from $37 to $55.
• The company’s revenue increased 15.4% year over year to $52.75 million and quarterly EPS beat estimates, but Voyager remains unprofitable, with a negative 78.61% net margin; its president also sold about $8.6 million in shares.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s stock price was up 4.4% during trading on Monday. The company traded as high as $32.75 and last traded at $32.7250. Approximately 359,827 shares changed hands during trading, a decline of 81% from the average daily volume of 1,920,114 shares. The stock had previously closed at $31.35.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VOYG. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Voyager Technologies in a research report on Tuesday, September 22nd. BTIG Research assumed coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a "buy" rating and a $55.00 price objective on the stock. Morgan Stanley reissued an "underweight" rating and issued a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Wedbush assumed coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an "outperform" rating and a $46.00 target price for the company. Finally, Wall Street Zen cut shares of Voyager Technologies from a "sell" rating to a "strong sell" rating in a report on Saturday. 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 given a Sell rating to the stock. According to MarketBeat, Voyager Technologies has an average rating of "Moderate Buy" and an average target price of $45.20.

Voyager Technologies Trading Up 5.8%

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 stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -14.20 and a beta of 4.39. The firm has a 50-day moving average of $34.02 and a 200 day moving average of $33.26.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating analysts' consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm had revenue of $52.75 million for the quarter. During the same period in the previous year, the firm posted ($1.23) earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president directly owned 187,758 shares of the company's stock, valued at $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tema ETFs LLC increased its position in shares of Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company's stock valued at $43,650,000 after buying an additional 1,352,409 shares during the period. Tidal Investments LLC bought a new position in Voyager Technologies in the 2nd quarter worth about $42,593,000. Wellington Management Group LLP lifted its position in shares of Voyager Technologies by 39.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company's stock worth $74,404,000 after purchasing an additional 650,531 shares during the period. Capital International Investors increased its position in shares of Voyager Technologies by 93.4% during the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company's stock worth $27,007,000 after purchasing an additional 498,963 shares in the last quarter. Finally, Readystate Asset Management LP lifted its position in Voyager Technologies by 1,464.5% during the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company's stock worth $13,231,000 after acquiring an additional 384,028 shares during the period.

Voyager Technologies Company Profile

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.

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