Voyager Technologies (NYSE:VOYG) Shares Gap Up - Should You Buy?

Key Points

• Shares of Voyager Technologies (NYSE:VOYG) gapped up, opening at $37.98 after a previous close of $35.27, with current trading around $37.24.
• Wall Street analysts have mixed views on the stock, with Barclays setting a price target of $45.00 and JPMorgan Chase issuing an "overweight" rating with a target of $52.00, while Weiss Ratings lowered their stance to "sell."
• Voyager Technologies reported quarterly revenue of $45.67 million, exceeding expectations, but posted an earnings per share (EPS) loss of ($0.60), missing consensus estimates by ($0.33).

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $35.27, but opened at $37.98. Voyager Technologies shares last traded at $37.24, with a volume of 393,374 shares.

Wall Street Analysts Forecast Growth

Several analysts have commented on VOYG shares. 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 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They issued an "overweight" rating and a $52.00 price objective for the company. Bank of America decreased their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Wall Street Zen lowered shares of Voyager Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.71.

Voyager Technologies Trading Up 2.0%

The stock has a fifty day moving average of $30.91.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its earnings results 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 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) EPS. 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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Voyager Technologies during the second quarter worth about $28,000. Legal & General Group Plc acquired a new position in shares of Voyager Technologies during the second quarter worth about $40,000. Osaic Holdings Inc. acquired a new position in shares of Voyager Technologies during the second quarter worth about $40,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Voyager Technologies during the third quarter worth about $78,000.

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.

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