Voyager Technologies (NYSE:VOYG) Trading Up 0.6% - Time to Buy?

Key Points

• Voyager Technologies' stock saw a 0.6% increase during trading, closing at $28.81 with a notable rise in trading volume.
• Analysts have mixed ratings, with some giving a buy rating and target prices between $50.00 and $52.00, while others have downgraded the stock to a sell rating.
• In its latest earnings report, Voyager reported a loss of ($0.60) EPS, missing estimates, but showed a year-over-year revenue increase of 24.5% to $45.67 million.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) shares shot up 0.6% during trading on Wednesday . The company traded as high as $29.25 and last traded at $28.81. 714,263 shares were traded during trading, an increase of 14% from the average session volume of 628,276 shares. The stock had previously closed at $28.64.

Analysts Set New Price Targets

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

Voyager Technologies Trading Down 2.7%

The stock has a 50 day moving average of $34.05.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly 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 business had revenue of $45.67 million for the quarter, compared to the consensus estimate of $35.44 million. During the same quarter in the previous year, the business earned ($1.29) EPS. Voyager Technologies's revenue for the quarter was up 24.5% on a year-over-year basis. Voyager Technologies has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dakota Wealth Management acquired a new stake in Voyager Technologies during the 2nd quarter valued at $2,426,000. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $26,000. PFG Investments LLC acquired a new position in Voyager Technologies in the second quarter valued at about $212,000. Liberty Street Advisors Inc. acquired a new position in shares of Voyager Technologies during the second quarter worth approximately $21,384,000. Finally, SBI Securities Co. Ltd. acquired a new position in Voyager Technologies in the second quarter valued at approximately $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.