Evercore Wealth Management LLC Takes $1.49 Million Position in Voyager Technologies, Inc. $VOYG

Evercore Wealth Management LLC purchased a new position in shares of Voyager Technologies, Inc. (NYSE:VOYG) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 63,494 shares of the company’s stock, valued at approximately $1,485,000.

Several other hedge funds have also modified their holdings of VOYG. Alyeska Investment Group L.P. acquired a new position in Voyager Technologies during the third quarter worth $54,119,000. Wellington Management Group LLP increased its position in Voyager Technologies by 653.9% during the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after buying an additional 1,415,192 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Voyager Technologies in the second quarter worth $38,997,000. Senvest Management LLC lifted its position in shares of Voyager Technologies by 29.3% in the fourth 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 in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Voyager Technologies during the second quarter valued at $24,720,000.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock opened at $25.63 on Wednesday. The firm has a market cap of $1.37 billion and a PE ratio of -9.22. The firm’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $31.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. Voyager Technologies, Inc. has a 1 year low of $17.41 and a 1 year high of $52.40.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. The business had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts forecast that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

VOYG has been the subject of several analyst reports. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. TD Cowen assumed coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They set a “buy” rating on the stock. BTIG Research initiated coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. Morgan Stanley reiterated an “underweight” rating and issued a $39.00 price target on shares of Voyager Technologies in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have assigned 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 $43.64.

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.