Voyager Technologies, Inc. $VOYG Position Lowered by Obermeyer Wealth Partners

Obermeyer Wealth Partners reduced its stake in shares of Voyager Technologies, Inc. (NYSE:VOYG) by 47.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,726 shares of the company’s stock after selling 43,726 shares during the period. Obermeyer Wealth Partners’ holdings in Voyager Technologies were worth $1,474,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position 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 buying an additional 650,531 shares during the last quarter. Tema ETFs LLC lifted its position in shares of Voyager Technologies by 125,688.6% during the 2nd 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. Tidal Investments LLC purchased a new position in shares of Voyager Technologies during the 2nd quarter valued at $42,593,000. Janus Henderson Group PLC grew its stake in shares of Voyager Technologies by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after acquiring an additional 5,225 shares during the period. Finally, Bank of America Corp DE increased its holdings in Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock worth $10,395,000 after acquiring an additional 177,842 shares during the last quarter.

Voyager Technologies Price Performance

Voyager Technologies stock opened at $24.46 on Thursday. Voyager Technologies, Inc. has a one year low of $17.41 and a one year high of $52.40. The business has a fifty day moving average price of $32.95 and a 200-day moving average price of $33.53. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19.

Voyager Technologies (NYSE:VOYG) last announced its quarterly 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. The company had revenue of $52.75 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’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.23) earnings per share. As a group, equities analysts anticipate that Voyager Technologies, Inc. will post -3.37 EPS for the current year.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the transaction, the president owned 187,758 shares of the company’s stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The transaction was disclosed in a filing 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 owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VOYG shares. Citigroup boosted their price objective on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Monday, October 12th. Weiss Ratings downgraded shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 price target on shares of Voyager Technologies in a research report on Tuesday, October 6th. Finally, Morgan Stanley dropped their price target on shares of Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday, October 16th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.20.

About Voyager Technologies

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.