Voyager Technologies (NYSE:VOYG) Shares Up 9.4% - Here's What Happened

Key Points

• Voyager Technologies' stock price increased by 9.4% during mid-day trading, reaching a high of $32.22, despite a significant decrease in trading volume.
• Several analysts have given the stock ratings ranging from "sell" to "overweight," with an average target price of $49.00.
• The company reported a 24.5% increase in revenue year-over-year, although it missed earnings expectations with an EPS of ($0.60).

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s stock price rose 9.4% during trading on Monday . The stock traded as high as $32.22 and last traded at $32.04. Approximately 353,080 shares changed hands during trading, a decline of 76% from the average daily volume of 1,497,176 shares. The stock had previously closed at $29.29.

Analysts Set New Price Targets

VOYG has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $52.00 target price on the stock. Jefferies Financial Group initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective on the stock. Wolfe Research assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "outperform" rating and a $50.00 target price for the company. Wall Street Zen lowered Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Morgan Stanley assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $46.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Voyager Technologies Price Performance

The business has a 50 day moving average price of $38.56.

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 analysts' consensus estimates of ($0.27) by ($0.33). The company had revenue of $45.67 million during the quarter, compared to the consensus estimate of $35.44 million. The company's quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted ($1.29) earnings per share. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Voyager Technologies

A number of institutional investors have recently made changes to their positions in VOYG. Dakota Wealth Management bought a new position in shares of Voyager Technologies during the 2nd quarter valued at $2,426,000. Highline Wealth Partners LLC purchased a new position in shares of Voyager Technologies in the second quarter worth about $26,000. PFG Investments LLC bought a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $212,000. Liberty Street Advisors Inc. purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $21,384,000. Finally, SBI Securities Co. Ltd. bought a new stake in Voyager Technologies in the 2nd quarter worth $274,000.

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.