Voyager Technologies (NYSE:VOYG) Stock Price Up 9.4% - What's Next?

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 share price shot up 9.4% during mid-day trading on Monday . The stock traded as high as $32.22 and last traded at $32.04. 353,080 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,497,176 shares. The stock had previously closed at $29.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VOYG shares. JPMorgan Chase & Co. started coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "overweight" rating and a $52.00 target price on the stock. Barclays began coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "equal weight" rating and a $45.00 target price on the stock. Bank of America assumed coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set a "buy" rating and a $50.00 price objective on the stock. 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. Finally, Wall Street Zen downgraded shares of Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $49.00.

Voyager Technologies Stock Up 12.5%

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $45.67 million during the quarter, compared to analysts' expectations of $35.44 million. During the same period last year, the firm posted ($1.29) EPS. The business's revenue was up 24.5% on a year-over-year basis.

Hedge Funds Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of VOYG. Cooper Creek Partners Management LLC bought a new stake in Voyager Technologies in the second quarter valued at about $12,184,000. XTX Topco Ltd bought a new position in Voyager Technologies during the 2nd quarter worth approximately $395,000. Diametric Capital LP bought a new stake in Voyager Technologies in the second quarter valued at approximately $349,000. Seven Grand Managers LLC bought a new position in Voyager Technologies during the second quarter worth about $6,869,000. Finally, HBK Investments L P acquired a new stake in Voyager Technologies during the 2nd quarter worth approximately $687,000.

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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