Voyager Technologies, Inc. (NYSE:VOYG) Receives $49.00 Average PT from Brokerages

Key Points

• Voyager Technologies, Inc. has received a "Moderate Buy" consensus recommendation from seven covering brokerages, with an average 1-year price target of $49.00.
• Analysts from major firms such as JPMorgan Chase and Bank of America have recently issued buy ratings with price targets ranging from $46.00 to $52.00 for Voyager Technologies stock.
• In the second quarter, significant institutional investments include a new position worth $21.4 million acquired by Liberty Street Advisors Inc., indicating growing confidence in the company's future.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $49.00.

VOYG has been the topic of a number of research reports. Wolfe Research initiated coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "outperform" rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $52.00 target price on the stock. Bank of America began coverage on Voyager Technologies in a report on Monday, July 7th. They set a "buy" rating and a $50.00 target price on the stock. Wall Street Zen raised Voyager Technologies to a "hold" rating in a report on Tuesday, June 24th. Finally, KeyCorp started coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "overweight" rating and a $50.00 price objective for the company.

Hedge Funds Weigh In On Voyager Technologies

A number of institutional investors have recently added to or reduced their stakes in VOYG. Highline Wealth Partners LLC purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $26,000. PFG Investments LLC purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $212,000. Dakota Wealth Management purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $2,426,000. Finally, Liberty Street Advisors Inc. purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $21,384,000.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock traded down $6.54 during midday trading on Friday, hitting $33.55. The company had a trading volume of 2,208,150 shares, compared to its average volume of 1,590,060. Voyager Technologies has a 1-year low of $32.35 and a 1-year high of $73.95.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.60) 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 analysts' expectations of $35.44 million. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the firm posted ($1.29) EPS.

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.