Key Points
- Voyager Technologies President Matthew James Kuta sold 199,807 shares at an average price of $42.97, totaling $8.59 million. The Rule 10b5-1 transaction reduced his ownership by 51.55%, leaving him with 187,758 shares.
- Voyager reported quarterly revenue of $52.75 million, up 15.4% year over year, and an adjusted EPS loss of $0.70 that beat analyst expectations of a $1.01 loss. Despite the improvement, the company posted a negative net margin of 78.61%.
- Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $44.82; recent targets range from $46 to $65.
Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) President Matthew James 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Voyager Technologies Stock Up 3.1%
Voyager Technologies stock opened at $44.33 on Friday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -18.95 and a beta of 4.19. The company's 50 day simple moving average is $33.42 and its 200 day simple moving average is $31.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. Voyager Technologies, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $52.40.
Voyager Technologies (NYSE:VOYG - Get Free Report) last issued 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 firm had revenue of $52.75 million during the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.23) EPS. As a group, sell-side analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current year.
Institutional Trading of Voyager Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in shares of Voyager Technologies in the second quarter worth $40,000. Federation des caisses Desjardins du Quebec acquired a new stake in Voyager Technologies in the 4th quarter valued at $26,000. Osaic Holdings Inc. acquired a new stake in Voyager Technologies in the 2nd quarter valued at $40,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies during the 4th quarter worth about $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies during the 3rd quarter worth about $34,000.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on VOYG. Jefferies Financial Group restated a "buy" rating and issued a $65.00 price objective on shares of Voyager Technologies in a research report on Sunday. Citigroup boosted their target price on Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. Wedbush initiated coverage on Voyager Technologies in a report on Wednesday, July 1st. They issued an "outperform" rating and a $46.00 price target for the company. BTIG Research assumed coverage on Voyager Technologies in a research report on Thursday, June 11th. They set a "buy" rating and a $55.00 price target on the stock. Finally, Wall Street Zen cut Voyager Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, April 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $44.82.
Check Out Our Latest Analysis on Voyager Technologies
About Voyager Technologies
(
Get Free Report)
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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