Voyager Technologies (NYSE:VOYG) Shares Up 11% - Here's Why

Key Points

• Voyager Technologies shares jumped 11% to about $22.56, although trading volume was 83% below its average.
• Analyst views were mixed: the consensus rating was “Moderate Buy” with a $43.20 target, while some firms downgraded the stock or cut price targets.
• Quarterly revenue rose 124.1% year over year to $88.72 million, but the company’s $0.87-per-share loss was slightly wider than analysts expected.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) shares rose 11% during trading on Friday. The company traded as high as $22.88 and last traded at $22.5630. Approximately 329,516 shares traded hands during trading, a decline of 83% from the average daily volume of 1,890,541 shares. The stock had previously closed at $20.33.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VOYG shares. Wall Street Zen lowered Voyager Technologies from a "sell" rating to a "strong sell" rating in a research note on Sunday, November 1st. Weiss Ratings downgraded Voyager Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, October 6th. Citigroup boosted their price target on Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price target on shares of Voyager Technologies in a research report on Tuesday, October 6th. Finally, KeyCorp dropped their price objective on Voyager Technologies from $50.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday. 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.20.

Voyager Technologies Stock Up 10.8%

The business's 50 day moving average price is $29.92 and its 200-day moving average price is $31.58. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.93 and a quick ratio of 3.72. The company has a market cap of $1.31 billion, a P/E ratio of -7.63 and a beta of 4.49.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.87) EPS for the quarter, missing analysts' consensus estimates of ($0.85) by ($0.02). The business had revenue of $88.72 million for the quarter. Voyager Technologies had a negative return on equity of 42.47% and a negative net margin of 78.96%. Voyager Technologies's revenue was up 124.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.28) EPS. On average, analysts anticipate that Voyager Technologies, Inc. will post -3.37 earnings per share for the current fiscal year.

Insider Activity

In related news, President Matthew Kuta sold 199,807 shares of Voyager Technologies 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 completion of the transaction, the president directly owned 187,758 shares of the company's stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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.

Institutional Investors Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company's stock worth $74,404,000 after buying an additional 650,531 shares during the period. Tema ETFs LLC raised its stake 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 worth $43,650,000 after buying an additional 1,352,409 shares during the last quarter. Tidal Investments LLC acquired a new position in Voyager Technologies in the second quarter valued at approximately $42,593,000. Janus Henderson Group PLC lifted its holdings in Voyager Technologies by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company's stock valued at $24,073,000 after buying an additional 5,225 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Voyager Technologies in the third quarter valued at approximately $27,820,000.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company's portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.

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