Readystate Asset Management LP Grows Holdings in Voyager Technologies, Inc. $VOYG

Readystate Asset Management LP lifted its stake in shares of Voyager Technologies, Inc. (NYSE:VOYG) by 1,464.5% in the second quarter, Holdings Channel reports. The institutional investor owned 410,251 shares of the company’s stock after buying an additional 384,028 shares during the quarter. Readystate Asset Management LP’s holdings in Voyager Technologies were worth $13,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its stake in Voyager Technologies by 29.3% during the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after acquiring an additional 884,962 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Voyager Technologies by 88.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock worth $89,342,000 after purchasing an additional 1,600,540 shares during the last quarter. Wellington Management Group LLP grew its stake in Voyager Technologies by 39.3% in the second 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 in the last quarter. Tema ETFs LLC increased its holdings in Voyager Technologies by 125,688.6% in 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 last quarter. Finally, Vanguard Group Inc. raised its stake in Voyager Technologies by 27.6% during the third quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after buying an additional 256,499 shares in the last quarter.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction dated 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 transaction, the president owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a 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 insiders.

Voyager Technologies Stock Performance

Shares of VOYG stock opened at $33.86 on Monday. Voyager Technologies, Inc. has a 12-month low of $17.41 and a 12-month high of $52.40. 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 firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -14.47 and a beta of 4.39. The business has a 50 day simple moving average of $33.05 and a 200 day simple moving average of $32.56.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The firm had revenue of $52.75 million for the quarter. During the same period in the previous year, the firm earned ($1.23) EPS. The firm’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Wall Street Analyst Weigh In

VOYG has been the subject of several research reports. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective on the stock. Citigroup boosted their target price on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wedbush began coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

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.