Voyager Technologies (NYSE:VOYG) Sets New 52-Week Low - What's Next?

Key Points

• Voyager Technologies reached a new 52-week low of $37.51, with shares last trading at $38.44 after closing at $40.02.
• Numerous analysts have initiated coverage of Voyager Technologies with a consensus rating of "Moderate Buy" and a target price of $49.00.
• Several institutional investors have recently acquired new positions in Voyager Technologies, reflecting a significant interest in the company despite recent stock declines.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $37.51 and last traded at $38.44, with a volume of 239685 shares changing hands. The stock had previously closed at $40.02.

Wall Street Analyst Weigh In

VOYG has been the topic of several recent research reports. Barclays initiated coverage on Voyager Technologies in a report on Monday, July 7th. They set an "equal weight" rating and a $45.00 price objective on the stock. Wall Street Zen raised Voyager Technologies to a "hold" rating in a research report on Tuesday, June 24th. Wolfe Research assumed coverage on Voyager Technologies in a research note on Monday, July 7th. They issued an "outperform" rating and a $50.00 price objective on the stock. Jefferies Financial Group initiated coverage on Voyager Technologies in a research note on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective on the stock. Finally, KeyCorp began coverage on Voyager Technologies in a research note on Monday, July 7th. They set an "overweight" rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $49.00.

Voyager Technologies Price Performance

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors have recently modified their holdings of VOYG. Dakota Wealth Management bought a new position in shares of Voyager Technologies in the second quarter valued at approximately $2,426,000. Highline Wealth Partners LLC purchased a new position in Voyager Technologies in the second quarter valued at approximately $26,000. PFG Investments LLC purchased a new position in Voyager Technologies in the second quarter valued at approximately $212,000. Finally, Liberty Street Advisors Inc. purchased a new position in Voyager Technologies in the second quarter valued at approximately $21,384,000.

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.