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

Voyager Technologies (NYSE:VOYG) announced its 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 firm had revenue of $88.72 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%. The company’s revenue for the quarter was up 124.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.28) EPS.

Voyager Technologies Stock Performance

Shares of NYSE:VOYG opened at $24.50 on Tuesday. The company’s 50 day simple moving average is $30.65 and its 200 day simple moving average is $31.75. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -10.47 and a beta of 4.44. 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 has a 1 year low of $17.41 and a 1 year high of $52.40.

Insider Buying and Selling

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the company’s stock in a transaction on 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 sale, the president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in shares of Voyager Technologies by 39.3% during the 2nd 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 boosted its stake 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 in the last quarter. Tidal Investments LLC bought a new position in Voyager Technologies in the second quarter valued at about $42,593,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Voyager Technologies in the third quarter valued at about $27,820,000. Finally, Janus Henderson Group PLC grew its position in Voyager Technologies by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock valued at $24,073,000 after acquiring an additional 5,225 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VOYG shares. Weiss Ratings lowered Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of Voyager Technologies in a report on Tuesday, October 6th. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday. KeyCorp reduced their target price on shares of Voyager Technologies from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday. Finally, TD Cowen decreased their price target 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. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.70.

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.