Voyager Technologies (NYSE:VOYG) Trading 8.8% Higher - Should You Buy?

Key Points

• Shares of Voyager Technologies traded up 8.8%, reaching a high of $32.60, despite a 52% decline in trading volume compared to its average session.
• The company's recent earnings report showed a loss of $0.60 per share, missing estimates, but revenue rose 24.5% year-over-year, totaling $45.67 million.
• Analysts have given Voyager Technologies a consensus rating of "Moderate Buy" with a target price of $47.71, although one rating was downgraded to "sell".

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) traded up 8.8% during trading on Thursday . The stock traded as high as $32.60 and last traded at $32.38. 594,024 shares traded hands during trading, a decline of 52% from the average session volume of 1,242,509 shares. The stock had previously closed at $29.75.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut Voyager Technologies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Jefferies Financial Group assumed coverage on Voyager Technologies in a report on Monday, July 7th. They set a "buy" rating and a $50.00 target price on the stock. Bank of America decreased their target price on Voyager Technologies from $50.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, August 25th. KeyCorp began coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $50.00 target price on the stock. Finally, Wolfe Research began coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "outperform" rating and a $50.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Voyager Technologies 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 $32.03.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.60) earnings per share 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 quarter last year, the firm earned ($1.29) earnings per share. The company'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.

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies during the second quarter worth about $26,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Voyager Technologies during the second quarter worth about $28,000. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies during the second quarter worth about $40,000. Osaic Holdings Inc. acquired a new stake in shares of Voyager Technologies during the second quarter worth about $40,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Voyager Technologies during the second quarter worth about $105,000.

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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