Voyager Technologies, Inc. (NYSE:VOYG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Voyager Technologies, Inc. (NYSE:VOYG) has received a consensus rating of "Moderate Buy" from eight research firms, with an average twelve-month price target of $47.71.
• The company reported a quarterly loss of ($0.60) EPS, missing estimates, but its revenue rose 24.5% year-over-year to $45.67 million.
• Several institutional investors have recently acquired new stakes in Voyager Technologies, indicating growing interest in the company's stock.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.7143.

VOYG has been the topic of a number of analyst reports. Barclays initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They issued an "equal weight" rating and a $45.00 price target on the stock. Jefferies Financial Group began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued a "buy" rating and a $50.00 target price on the stock. Wall Street Zen lowered shares of Voyager Technologies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wolfe Research assumed coverage on Voyager Technologies in a research note on Monday, July 7th. They set an "outperform" rating and a $50.00 price objective on the stock. Finally, Morgan Stanley began coverage on Voyager Technologies in a research note on Monday, July 7th. They set an "equal weight" rating and a $46.00 price objective on the stock.

Voyager Technologies Stock Performance

Shares of VOYG opened at $35.39 on Wednesday. The stock has a 50 day simple moving average of $30.91. Voyager Technologies has a one year low of $26.10 and a one year high of $73.95.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.33). The company had revenue of $45.67 million for the quarter, compared to analyst estimates of $35.44 million. During the same quarter last year, the business posted ($1.29) EPS. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter worth $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Voyager Technologies during the second quarter worth about $28,000. Legal & General Group Plc acquired a new stake in Voyager Technologies during the second quarter worth about $40,000. Osaic Holdings Inc. acquired a new stake in Voyager Technologies during the second quarter worth about $40,000. Finally, Farther Finance Advisors LLC acquired a new stake in Voyager Technologies during the third quarter worth about $78,000.

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.

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