Voyager Technologies (NYSE:VOYG) Shares Up 9.6% – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG) was up 9.6% on Wednesday . The company traded as high as $34.40 and last traded at $34.2280. Approximately 1,666,292 shares were traded during trading, a decline of 13% from the average daily volume of 1,918,402 shares. The stock had previously closed at $31.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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 report on Thursday, November 6th. JPMorgan Chase & Co. initiated coverage on shares of Voyager Technologies in a research report on Monday, November 24th. They set an “overweight” rating and a $43.00 price target on the stock. Morgan Stanley cut their price target 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.71.

Voyager Technologies Trading Up 9.8%

The firm has a market cap of $1.84 billion and a PE ratio of -10.85. The firm has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $30.86.

Institutional Trading of Voyager Technologies

Several institutional investors have recently bought and sold shares of the company. Senvest Management LLC purchased a new position in shares of Voyager Technologies in the 2nd quarter worth $110,514,000. Alyeska Investment Group L.P. bought a new stake in shares of Voyager Technologies during the third quarter valued at approximately $54,119,000. Wellington Management Group LLP lifted its stake in Voyager Technologies by 653.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after purchasing an additional 1,415,192 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Voyager Technologies by 27.6% in the third quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after buying an additional 256,499 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Voyager Technologies during the 2nd quarter worth approximately $41,607,000.

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.