Voyager Technologies (NYSE:VOYG) Announces Earnings Results, Misses Estimates By $0.02 EPS

Voyager Technologies (NYSE:VOYG) issued its quarterly earnings results on Monday. The company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.02), FiscalAI reports. The company had revenue of $88.72 million during the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.

Voyager Technologies Stock Down 7.3%

Shares of VOYG stock traded down $1.93 during trading on Monday, hitting $24.50. 1,362,262 shares of the company were exchanged, compared to its average volume of 1,897,487. 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 firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -10.47 and a beta of 4.49. The business’s 50-day simple moving average is $30.93 and its 200 day simple moving average is $31.79. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $52.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on VOYG shares. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday. Morgan Stanley cut their price target on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price target on shares of Voyager Technologies in a research report on Tuesday, October 6th. TD Cowen decreased their price objective on shares of Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings cut shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Voyager Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the stock in a transaction that occurred 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 owned 187,758 shares in the company, valued at $8,067,961.26. This represents a 51.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Hedge Funds Weigh In On Voyager Technologies

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Voyager Technologies in the 3rd quarter valued at approximately $27,820,000. Sterling Capital Management LLC lifted its stake in Voyager Technologies by 850.5% in the third quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock valued at $52,000 after acquiring an additional 1,548 shares during the last quarter. Farther Finance Advisors LLC grew its position in Voyager Technologies by 24.6% in the third quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after acquiring an additional 361 shares in the last quarter. Versant Capital Management Inc grew its position in Voyager Technologies by 66.9% in the third quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after acquiring an additional 440 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Voyager Technologies during the 2nd quarter worth $42,593,000.

Voyager Technologies Company Profile

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.