Mirae Asset Global Investments Co. Ltd. Makes New $27.82 Million Investment in Voyager Technologies, Inc. $VOYG

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Voyager Technologies, Inc. (NYSE:VOYG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 919,665 shares of the company’s stock, valued at approximately $27,820,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tema ETFs LLC boosted its stake in Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after purchasing an additional 1,352,409 shares during the period. Tidal Investments LLC bought a new position in shares of Voyager Technologies in the second quarter valued at approximately $42,593,000. Wellington Management Group LLP boosted its position in shares of Voyager Technologies by 39.3% in the second quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after acquiring an additional 650,531 shares during the period. Readystate Asset Management LP grew its stake in Voyager Technologies by 1,464.5% during the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock valued at $13,231,000 after acquiring an additional 384,028 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Voyager Technologies by 66.7% during the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after acquiring an additional 177,842 shares in the last quarter.

Wall Street Analyst Weigh In

VOYG has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed 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 lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday. Citigroup upped their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings downgraded Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Finally, TD Cowen dropped their price objective on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.70.

Voyager Technologies Stock Down 7.3%

VOYG stock opened at $24.50 on Tuesday. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $30.65 and its 200 day moving average is $31.75. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -10.47 and a beta of 4.44. Voyager Technologies, Inc. has a 1-year low of $17.41 and a 1-year high of $52.40.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, November 2nd. The company reported ($0.87) earnings per share 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 company had revenue of $88.72 million during the quarter. During the same quarter in the prior year, the company earned ($0.28) earnings per share. Voyager Technologies’s quarterly revenue was up 124.1% compared to the same quarter last year. Sell-side analysts predict that Voyager Technologies, Inc. will post -3.37 EPS for the current fiscal year.

Insider Activity at Voyager Technologies

In other news, President Matthew Kuta sold 199,807 shares of the firm’s stock in a transaction on 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 owned 187,758 shares in the company, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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.

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.