Voyager Technologies (NYSE:VOYG) Shares Gap Up - Here's What Happened

Key Points

• Shares of Voyager Technologies gapped up before trading on Wednesday, opening at $33.50 after previously closing at $31.85, with a last trading price of $32.07.
• The company reported a loss of ($0.60) earnings per share for the last quarter, missing expectations, but its revenue of $45.67 million exceeded analyst forecasts.
• Multiple analysts have given Voyager Technologies a mixed set of ratings, with a consensus rating of "Moderate Buy" and a price target average of $47.71.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $31.85, but opened at $33.50. Voyager Technologies shares last traded at $32.07, with a volume of 144,845 shares trading hands.

Analyst Ratings Changes

VOYG has been the subject of a number of research analyst reports. Barclays initiated coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "equal weight" rating and a $45.00 target price for the company. Wall Street Zen lowered Voyager Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Bank of America dropped their price target on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Wolfe Research initiated coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "outperform" rating and a $50.00 price objective for the company. Finally, 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 target price on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.71.

Voyager Technologies Stock Performance

The stock's fifty day simple moving average is $33.72.

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

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds have recently bought and sold shares of the business. Senvest Management LLC purchased a new position in shares of Voyager Technologies in the 2nd quarter worth $110,514,000. Dorsey & Whitney Trust CO LLC purchased a new position in Voyager Technologies in the second quarter worth about $41,607,000. Balyasny Asset Management L.P. bought a new stake in Voyager Technologies during the second quarter worth approximately $38,997,000. Alliancebernstein L.P. purchased a new stake in Voyager Technologies during the second quarter valued at approximately $24,720,000. Finally, Liberty Street Advisors Inc. bought a new stake in shares of Voyager Technologies in the 2nd 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.

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