Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $40.09, but opened at $38.38. Voyager Technologies shares last traded at $36.45, with a volume of 204,166 shares changing hands.
The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.33). The firm had revenue of $45.67 million for the quarter, compared to analyst estimates of $35.44 million. During the same period last year, the business earned ($1.29) EPS. The firm's revenue was up 24.5% on a year-over-year basis.
Analysts Set New Price Targets
Several research firms recently issued reports on VOYG. Morgan Stanley assumed coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $46.00 price objective for the company. Wall Street Zen lowered shares of Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays assumed coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set an "equal weight" rating and a $45.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set a "buy" rating and a $50.00 target price for the company. Finally, Wolfe Research began coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set an "outperform" rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.00.
Read Our Latest Research Report on VOYG
Institutional Trading of Voyager Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Highline Wealth Partners LLC purchased a new position in Voyager Technologies in the 2nd quarter valued at about $26,000. PFG Investments LLC acquired a new stake in Voyager Technologies during the 2nd quarter worth approximately $212,000. SBI Securities Co. Ltd. acquired a new stake in Voyager Technologies during the 2nd quarter worth approximately $274,000. Dakota Wealth Management acquired a new stake in Voyager Technologies in the second quarter valued at approximately $2,426,000. Finally, Liberty Street Advisors Inc. acquired a new stake in Voyager Technologies in the second quarter valued at approximately $21,384,000.
Voyager Technologies Stock Performance
Voyager Technologies Company Profile
(
Get Free Report)
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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