Voyager Technologies (NYSE:VOYG) Trading 8.7% Higher – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) rose 8.7% during trading on Monday . The company traded as high as $28.50 and last traded at $29.00. Approximately 144,504 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,528,533 shares. The stock had previously closed at $26.69.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VOYG shares. Wedbush started coverage on shares of Voyager Technologies in a report on Friday, January 23rd. They set an “outperform” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They set an “overweight” rating and a $43.00 target price for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. KeyCorp dropped their price objective on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Morgan Stanley set a $39.00 price objective on Voyager Technologies in a research report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.88.

Voyager Technologies Price Performance

The business has a 50-day moving average of $29.49 and a 200-day moving average of $28.59. The company has a market capitalization of $1.58 billion and a P/E ratio of -9.27.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of VOYG. New York State Common Retirement Fund boosted its stake in shares of Voyager Technologies by 18.4% during the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock valued at $131,000 after purchasing an additional 685 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Voyager Technologies during the second quarter worth $28,000. Ameriprise Financial Inc. boosted its position in Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after acquiring an additional 757 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Voyager Technologies by 33.8% in the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock valued at $91,000 after acquiring an additional 882 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Voyager Technologies in the 2nd quarter worth $40,000.

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. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.