Voyager Technologies (NYSE:VOYG) Trading Down 4.2% - Here's Why

Key Points

• Voyager Technologies' stock fell 4.2% to $29.02, showing a significant decline in trading volume of 90% compared to its average daily volume.
• Analysts have set a consensus price target of $47.71 for VOYG, with five analysts rating it as a "Buy" and two as "Hold."
• The company's latest earnings report revealed a loss of ($0.60) earnings per share, which missed analysts' expectations, although revenue increased by 24.5% year-over-year.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price traded down 4.2% on Tuesday . The company traded as low as $28.81 and last traded at $29.02. 131,895 shares traded hands during trading, a decline of 90% from the average session volume of 1,259,083 shares. The stock had previously closed at $30.30.

Wall Street Analysts Forecast Growth

VOYG has been the topic of several research reports. Wall Street Zen lowered Voyager Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. KeyCorp initiated coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "overweight" rating and a $50.00 price target for the company. Barclays started coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $45.00 target price on the stock. Wolfe Research assumed coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "outperform" rating and a $50.00 price target for the company. Finally, 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 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Voyager Technologies has a consensus rating of "Moderate Buy" and an average target price of $47.71.

Voyager Technologies Stock Performance

The stock's 50 day moving average price is $34.05.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.60) earnings per share (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 analyst estimates of $35.44 million. During the same period last year, the business earned ($1.29) earnings per share. Voyager Technologies's quarterly revenue was up 24.5% on a year-over-year basis. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Trading of Voyager Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dakota Wealth Management acquired a new stake in shares of Voyager Technologies in the 2nd quarter worth approximately $2,426,000. Highline Wealth Partners LLC acquired a new stake in Voyager Technologies in the second quarter worth approximately $26,000. PFG Investments LLC bought a new position in Voyager Technologies during the 2nd quarter valued at $212,000. Liberty Street Advisors Inc. bought a new stake in shares of Voyager Technologies in the 2nd quarter worth $21,384,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Voyager Technologies in the second quarter valued at $274,000.

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.