First Trust Advisors LP Boosts Stake in Voyager Technologies, Inc. $VOYG

First Trust Advisors LP raised its holdings in Voyager Technologies, Inc. (NYSE:VOYG) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,700 shares of the company’s stock after acquiring an additional 14,812 shares during the period. First Trust Advisors LP’s holdings in Voyager Technologies were worth $2,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new stake in Voyager Technologies during the fourth quarter valued at approximately $33,000. Ameritas Investment Partners Inc. purchased a new position in Voyager Technologies in the 3rd quarter worth approximately $34,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Voyager Technologies in the 3rd quarter worth $35,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VOYG shares. JPMorgan Chase & Co. lowered their price objective on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price on the stock. Citigroup raised their price target on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group upped their price objective on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.45.

Voyager Technologies Stock Performance

Voyager Technologies stock opened at $38.19 on Friday. The firm has a fifty day simple moving average of $33.90 and a two-hundred day simple moving average of $31.41. The company has a quick ratio of 4.52, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. Voyager Technologies, Inc. has a twelve month low of $17.41 and a twelve month high of $52.40. The company has a market capitalization of $2.11 billion, a PE ratio of -16.32 and a beta of 4.19.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. The firm had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

About Voyager Technologies

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.