Mirae Asset Global Investments Co. Ltd. Buys New Shares in Voyager Technologies, Inc. $VOYG

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Voyager Technologies, Inc. (NYSE:VOYG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 919,665 shares of the company’s stock, valued at approximately $27,820,000. Mirae Asset Global Investments Co. Ltd. owned about 1.58% of Voyager Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted 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 purchasing an additional 440 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Voyager Technologies during the 1st quarter valued at $42,000. Integrated Wealth Concepts LLC bought a new stake in shares of Voyager Technologies during the 2nd quarter worth $46,000. Sterling Capital Management LLC raised its stake in shares of Voyager Technologies by 850.5% during the 3rd quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after purchasing an additional 1,548 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Voyager Technologies by 24.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,827 shares of the company’s stock worth $55,000 after purchasing an additional 361 shares during the period.

Insider Buying and Selling

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

Voyager Technologies Stock Performance

Shares of VOYG opened at $24.50 on Tuesday. The firm has a market cap of $1.43 billion, a PE ratio of -10.47 and a beta of 4.44. The stock’s fifty day moving average price is $30.65 and its two-hundred day moving average price is $31.75. 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 1 year low of $17.41 and a 1 year high of $52.40.

Voyager Technologies (NYSE:VOYG) last issued 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). Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The firm had revenue of $88.72 million for the quarter. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Voyager Technologies’s revenue was up 124.1% on a year-over-year basis. On average, equities research analysts forecast that Voyager Technologies, Inc. will post -3.37 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on VOYG. Weiss Ratings lowered shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. KeyCorp decreased their price objective on shares of Voyager Technologies from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley lowered their price objective on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a research report on Friday, October 16th. TD Cowen dropped their target price on shares of Voyager Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, Citigroup increased their target price on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $43.70.

Voyager Technologies 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.