Voyager Technologies (NYSE:VOYG) Shares Down 5.5% - Time to Sell?

Key Points

• Voyager Technologies' share price fell 5.5% to $29.11 during trading on Monday, significantly below its previous close of $30.80.
• Analysts have mixed ratings for the stock, with one sell rating, two hold ratings, and five buy ratings, resulting in an average rating of "Moderate Buy" and a target price of $49.00.
• The company reported a loss of ($0.60) earnings per share for the last quarter, missing expectations but achieving a 24.5% year-over-year revenue increase.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price traded down 5.5% during trading on Monday . The company traded as low as $29.00 and last traded at $29.11. 668,494 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,580,716 shares. The stock had previously closed at $30.80.

Analyst Upgrades and Downgrades

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

Voyager Technologies Stock Performance

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.33). The company had revenue of $45.67 million for the quarter, compared to the consensus estimate of $35.44 million. During the same quarter last year, the firm posted ($1.29) earnings per share. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year.

Hedge Funds Weigh In On Voyager Technologies

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

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.