Voyager Technologies (NYSE:VOYG) Trading Up 5.4% - Here's What Happened

Key Points

• Voyager Technologies' stock price increased by 5.4% to $34.52, with a trading volume significantly down 78% from its average.
• Analysts have given Voyager Technologies a Moderate Buy rating, with price targets ranging from $41.00 to $52.00.
• The company reported Q2 earnings with revenue of $45.67 million, surpassing estimates, but recorded an EPS loss of ($0.60), missing expectations.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price was up 5.4% on Tuesday . The stock traded as high as $34.69 and last traded at $34.52. Approximately 271,196 shares changed hands during trading, a decline of 78% from the average daily volume of 1,223,715 shares. The stock had previously closed at $32.74.

Wall Street Analyst Weigh In

A number of research firms have commented on VOYG. JPMorgan Chase & Co. initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They issued an "overweight" rating and a $52.00 price target on the stock. Barclays initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $45.00 target price on the stock. Wolfe Research initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "outperform" rating and a $50.00 target price on the stock. Bank of America reduced their target price on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Finally, Jefferies Financial Group initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set a "buy" rating and a $50.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.71.

Voyager Technologies Stock Performance

The stock has a fifty day simple moving average of $30.88.

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

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently bought and sold shares of the company. Senvest Management LLC bought a new position in Voyager Technologies in the second quarter valued at $110,514,000. Dorsey & Whitney Trust CO LLC bought a new position in Voyager Technologies in the second quarter valued at $41,607,000. Balyasny Asset Management L.P. bought a new position in Voyager Technologies in the second quarter valued at $38,997,000. Alliancebernstein L.P. bought a new position in Voyager Technologies in the second quarter valued at $24,720,000. Finally, Liberty Street Advisors Inc. bought a new position in Voyager Technologies in the second quarter valued at $21,384,000.

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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