Voyager Technologies (NYSE:VOYG) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Voyager Technologies has received a "Sell (D)" rating from Weiss Ratings, indicating negative sentiment among analysts regarding the stock's performance.
• The consensus rating for Voyager Technologies is a "Moderate Buy", with an average price target of $47.71, despite the recent downgrade by Weiss Ratings.
• Following a recent earnings report, Voyager Technologies reported a significant revenue increase of 24.5% year-over-year, although it missed earnings expectations by $0.33 per share.

Voyager Technologies (NYSE:VOYG - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the stock. Bank of America reduced their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set an "overweight" rating and a $52.00 price objective on the stock. Wall Street Zen downgraded shares of Voyager Technologies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. KeyCorp started coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $50.00 target price on the stock. Finally, Barclays started coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "equal weight" rating and a $45.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Voyager Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $47.71.

Voyager Technologies Trading Up 5.1%

Shares of NYSE VOYG traded up $1.71 during mid-day trading on Wednesday, hitting $35.32. The company's stock had a trading volume of 806,192 shares, compared to its average volume of 1,238,477. Voyager Technologies has a one year low of $26.10 and a one year high of $73.95. The company has a fifty day simple moving average of $31.42.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.60) earnings per share 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 firm earned ($1.29) earnings per share. Voyager Technologies's revenue was up 24.5% compared to the same quarter last year. Voyager Technologies has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Highline Wealth Partners LLC bought a new position in shares of Voyager Technologies in the second quarter valued at $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Voyager Technologies in the second quarter valued at $28,000. Legal & General Group Plc acquired a new position in shares of Voyager Technologies in the second quarter valued at $40,000. Osaic Holdings Inc. acquired a new position in shares of Voyager Technologies in the second quarter valued at $40,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Voyager Technologies in the second 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.

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