Voyager Technologies (NYSE:VOYG) Stock Price Up 11.7% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) traded up 11.7% on Monday . The company traded as high as $27.43 and last traded at $27.4010. Approximately 651,751 shares changed hands during trading, a decline of 66% from the average session volume of 1,889,424 shares. The stock had previously closed at $24.53.

Wall Street Analyst Weigh In

VOYG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Wolfe Research reissued an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Finally, TD Cowen began coverage on shares of Voyager Technologies in a report on Monday, April 20th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Voyager Technologies has a consensus rating of “Moderate Buy” and an average target price of $43.64.

Voyager Technologies Stock Performance

The stock has a market cap of $1.50 billion, a PE ratio of -10.04 and a beta of 4.19. The company has a fifty day moving average price of $35.04 and a 200 day moving average price of $31.40. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The business had revenue of $35.25 million for the quarter. The firm’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VOYG. Senvest Management LLC boosted its position in Voyager Technologies by 29.3% during the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after buying an additional 884,962 shares during the period. Alyeska Investment Group L.P. raised its position in Voyager Technologies by 88.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock valued at $89,342,000 after purchasing an additional 1,600,540 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Voyager Technologies by 23.7% in the 4th quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock worth $52,741,000 after buying an additional 386,010 shares during the last quarter. Tema ETFs LLC increased its stake in shares of Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after buying an additional 1,352,409 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Voyager Technologies by 27.6% during the third quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after acquiring an additional 256,499 shares in the last quarter.

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.