Voyager Technologies (NYSE:VOYG) Shares Up 8.3% - Should You Buy?

Key Points

• Voyager Technologies' shares increased by 8.3% during mid-day trading, closing at $34.43 after reaching a high of $35.25, despite a significant drop in trading volume compared to average levels.
• Bank of America and several other analysts have recently issued ratings for the stock, with price targets ranging from $41.00 to $50.00, and a consensus rating of "Moderate Buy."
• In its latest earnings report, Voyager Technologies reported a revenue of $45.67 million, surpassing estimates but missed earnings per share projections, indicating both growth and ongoing challenges.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price shot up 8.3% during mid-day trading on Monday . The company traded as high as $35.25 and last traded at $34.43. 137,477 shares changed hands during trading, a decline of 89% from the average session volume of 1,225,964 shares. The stock had previously closed at $31.79.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America cut their price objective on Voyager Technologies from $50.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, August 25th. KeyCorp assumed 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 began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "equal weight" rating and a $45.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set a "buy" rating and a $50.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued an "outperform" rating and a $50.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.71.

Voyager Technologies Price Performance

The business's 50 day moving average price is $30.95.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $35.44 million. During the same period last year, the business earned ($1.29) earnings per share. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Senvest Management LLC bought a new position in shares of Voyager Technologies during the 2nd quarter worth approximately $110,514,000. Dorsey & Whitney Trust CO LLC acquired a new position in Voyager Technologies during the second quarter worth $41,607,000. Balyasny Asset Management L.P. bought a new position in Voyager Technologies in the second quarter valued at $38,997,000. Alliancebernstein L.P. acquired a new stake in Voyager Technologies in the 2nd quarter valued at $24,720,000. Finally, Liberty Street Advisors Inc. acquired a new position in shares of Voyager Technologies during the 2nd quarter worth about $21,384,000.

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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