Voyager Technologies (NYSE:VOYG) Shares Down 3.4% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) shares dropped 3.4% during trading on Tuesday . The stock traded as low as $26.33 and last traded at $26.3660. Approximately 319,452 shares changed hands during trading, a decline of 76% from the average daily volume of 1,327,706 shares. The stock had previously closed at $27.30.

Wall Street Analyst Weigh In

VOYG has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target for the company. Finally, KeyCorp dropped their price objective on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.71.

Voyager Technologies Price Performance

The firm’s 50 day moving average is $25.30.

Institutional Investors Weigh In On Voyager Technologies

Institutional investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC purchased a new stake in Voyager Technologies in the second quarter valued at approximately $28,000. Ameritas Investment Partners Inc. acquired a new position in shares of Voyager Technologies in the 3rd quarter valued at $34,000. Russell Investments Group Ltd. purchased a new position in shares of Voyager Technologies in the 3rd quarter worth $35,000. Finally, Legal & General Group Plc acquired a new position in Voyager Technologies during the second quarter valued at approximately $40,000.

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. 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.