Voyager Technologies (NYSE:VOYG) Hits New 52-Week Low - Time to Sell?

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.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VOYG shares. KeyCorp started coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $50.00 price target for the company. Wolfe Research started coverage on Voyager Technologies in a report on Monday, July 7th. They set an "outperform" rating and a $50.00 price target for the company. Jefferies Financial Group started coverage on Voyager Technologies in a report on Monday, July 7th. They set a "buy" rating and a $50.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $52.00 price target for the company. Finally, Wall Street Zen upgraded Voyager Technologies to a "hold" rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

Voyager Technologies Trading Down 16.6%

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.33). The firm had revenue of $45.67 million during the quarter, compared to the consensus estimate of $35.44 million. The business's revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.29) EPS.

Institutional Trading of Voyager Technologies

Several large investors have recently made changes to their positions in VOYG. Highline Wealth Partners LLC bought a new position in Voyager Technologies in the second quarter valued at about $26,000. PFG Investments LLC bought a new position in Voyager Technologies in the second quarter valued at about $212,000. Dakota Wealth Management bought a new position in Voyager Technologies in the second quarter valued at about $2,426,000. Finally, Liberty Street Advisors Inc. bought a new position in Voyager Technologies in the second quarter valued at about $21,384,000.

About Voyager Technologies

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.