Voyager Technologies (NYSE:VOYG) Shares Gap Down - Here's Why

Key Points

• Voyager Technologies shares gapped down from a previous close of $29.78 to an opening of $28.98, and last traded at $29.59 with a trading volume of 38,900 shares.
• Multiple analysts have recently reported on Voyager Technologies, with ratings including "buy" from Jefferies Financial Group and "overweight" from JPMorgan, yielding a consensus rating of "Moderate Buy" and an average price target of $47.71.
• The company's recent quarterly earnings missed expectations, reporting an EPS of ($0.60), but revenue grew by 24.5% year-over-year, totaling $45.67 million.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $29.78, but opened at $28.98. Voyager Technologies shares last traded at $29.59, with a volume of 38,900 shares traded.

Wall Street Analyst Weigh In

VOYG has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated 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. Barclays began coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "equal weight" rating and a $45.00 price objective on the stock. KeyCorp began coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued an "overweight" rating and a $52.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set an "equal weight" rating and a $46.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.71.

Voyager Technologies Price Performance

The business has a 50-day simple moving average of $32.29.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced 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 firm had revenue of $45.67 million during the quarter, compared to analyst estimates of $35.44 million. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the business posted ($1.29) EPS. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOYG. Osaic Holdings Inc. bought a new stake in Voyager Technologies in the second quarter valued at approximately $40,000. Squarepoint Ops LLC acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at $7,501,000. Hudson Bay Capital Management LP acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at $589,000. Tower Research Capital LLC TRC bought a new position in Voyager Technologies during the 2nd quarter worth $181,000. Finally, Ion Asset Management Ltd. bought a new position in Voyager Technologies during the 2nd quarter worth $1,962,000.

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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