Cornerstone Advisory LLC Makes New $528,000 Investment in Voyager Technologies, Inc. $VOYG

Cornerstone Advisory LLC acquired a new stake in Voyager Technologies, Inc. (NYSE:VOYG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,205 shares of the company’s stock, valued at approximately $528,000.

Several other large investors also recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in shares of Voyager Technologies by 18.4% in the 3rd quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock valued at $131,000 after buying an additional 685 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Voyager Technologies by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after buying an additional 757 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Voyager Technologies by 33.8% in the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock valued at $91,000 after buying an additional 882 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at approximately $40,000.

Voyager Technologies Stock Down 5.3%

VOYG opened at $30.11 on Friday. Voyager Technologies, Inc. has a 1-year low of $17.41 and a 1-year high of $73.95. The stock’s fifty day simple moving average is $27.62 and its 200 day simple moving average is $27.98. The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.61 billion and a PE ratio of -6.95.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The business had revenue of $46.65 million during the quarter. The company’s revenue was up 23.7% on a year-over-year basis. As a group, research analysts expect that Voyager Technologies, Inc. will post -2.79 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VOYG shares. Morgan Stanley set a $39.00 price objective on Voyager Technologies in a report on Friday, January 16th. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Citigroup initiated coverage on Voyager Technologies in a report on Monday, March 30th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, TD Cowen initiated coverage on Voyager Technologies in a research note on Monday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

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.