Voyager Technologies (NYSE:VOYG) Trading 7% Higher – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was up 7% during mid-day trading on Wednesday . The company traded as high as $26.83 and last traded at $27.1850. Approximately 783,262 shares changed hands during trading, a decline of 38% from the average daily volume of 1,271,910 shares. The stock had previously closed at $25.40.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. KeyCorp reduced their price objective on Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Morgan Stanley cut their target price on shares of Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, November 24th. Bank of America reduced their target price on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a report on Monday, November 24th. They issued an “overweight” rating and a $43.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.71.

Voyager Technologies Trading Down 6.4%

The business’s 50 day moving average price is $27.10.

Institutional Trading of Voyager Technologies

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