Senvest Management LLC Cuts Position in Voyager Technologies, Inc. $VOYG

Senvest Management LLC trimmed its position in shares of Voyager Technologies, Inc. (NYSE:VOYG) by 8.3% during the first quarter, Holdings Channel reports. The firm owned 3,581,441 shares of the company’s stock after selling 324,280 shares during the quarter. Voyager Technologies makes up approximately 2.8% of Senvest Management LLC’s portfolio, making the stock its 11th biggest holding. Senvest Management LLC owned about 0.07% of Voyager Technologies worth $83,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC raised its holdings in shares of Voyager Technologies by 0.8% in the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after buying an additional 376 shares during the period. Ameriprise Financial Inc. boosted its holdings in Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after acquiring an additional 757 shares during the period. Farther Finance Advisors LLC boosted its holdings in Voyager Technologies by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock valued at $91,000 after acquiring an additional 882 shares during the period. Legal & General Group Plc acquired a new position in Voyager Technologies in the 2nd quarter valued at about $40,000. Finally, Federation des caisses Desjardins du Quebec purchased a new stake in Voyager Technologies during the fourth quarter worth about $26,000.

Voyager Technologies Stock Down 4.4%

VOYG stock opened at $25.21 on Friday. The company’s 50 day moving average price is $36.60 and its 200 day moving average price is $31.60. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of -9.07. Voyager Technologies, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. 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 (NYSE:VOYG) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company had revenue of $35.25 million during the quarter. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VOYG. Wolfe Research reissued an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Jefferies Financial Group upped their target price on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Morgan Stanley reiterated an “underweight” rating and set a $39.00 target price on shares of Voyager Technologies in a report on Wednesday, July 15th. TD Cowen began coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.64.

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.