Voyager Technologies (NYSE:VOYG) Stock Price Down 7.3% – What’s Next?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) traded down 7.3% on Wednesday . The company traded as low as $38.92 and last traded at $39.1540. 160,284 shares traded hands during trading, a decline of 92% from the average session volume of 1,901,600 shares. The stock had previously closed at $42.24.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price objective on shares of Voyager Technologies in a research report on Sunday, August 9th. BTIG Research started coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Wolfe Research reiterated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Two research 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. According to MarketBeat.com, Voyager Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

Voyager Technologies Price Performance

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 company’s 50 day simple moving average is $33.28 and its 200 day simple moving average is $31.99. The company has a market capitalization of $2.20 billion, a PE ratio of -16.12 and a beta of 4.19.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data 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. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business had revenue of $52.75 million during the quarter. During the same quarter in the prior year, the firm posted ($1.23) EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Insider Buying and Selling

In related news, President Matthew James Kuta sold 199,807 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is owned by corporate insiders.

Institutional Trading of Voyager Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $40,000. New York State Common Retirement Fund purchased a new position in Voyager Technologies during the 2nd quarter worth approximately $146,000. Squarepoint Ops LLC acquired a new position in Voyager Technologies during the second quarter worth approximately $7,501,000. Alliancebernstein L.P. acquired a new position in Voyager Technologies during the second quarter worth approximately $24,720,000. Finally, Raymond James Financial Inc. purchased a new stake in Voyager Technologies in the second quarter valued at approximately $105,000.

Voyager Technologies Company 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.