Voyager Technologies (NYSE:VOYG) Trading 0.6% Higher – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG) traded up 0.6% during trading on Wednesday . The company traded as high as $29.25 and last traded at $28.81. 714,263 shares were traded during trading, an increase of 14% from the average session volume of 628,276 shares. The stock had previously closed at $28.64.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set a “buy” rating and a $50.00 price objective on the stock. Wolfe Research started coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an “outperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an “overweight” rating and a $52.00 price target on the stock. Wall Street Zen downgraded Voyager Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Bank of America reduced their target price on Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.71.

Voyager Technologies Price Performance

The stock’s 50 day moving average is $34.56.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.33). The company had revenue of $45.67 million during the quarter, compared to analyst estimates of $35.44 million. During the same period in the prior year, the company earned ($1.29) EPS. Voyager Technologies’s revenue for the quarter was up 24.5% on a year-over-year basis. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Trading of Voyager Technologies

Hedge funds have recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of Voyager Technologies during the second quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Voyager Technologies during the second quarter valued at approximately $28,000. Legal & General Group Plc bought a new stake in Voyager Technologies during the 2nd quarter valued at $40,000. Osaic Holdings Inc. bought a new stake in Voyager Technologies during the 2nd quarter valued at $40,000. Finally, Raymond James Financial Inc. bought a new stake in Voyager Technologies during the 2nd quarter valued at $105,000.

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.