Voyager Technologies (NYSE:VOYG) Shares Gap Up – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) shares gapped up prior to trading on Friday . The stock had previously closed at $22.00, but opened at $22.96. Voyager Technologies shares last traded at $22.4010, with a volume of 317,894 shares changing hands.

Analyst Upgrades and Downgrades

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

Voyager Technologies Stock Up 2.0%

The company has a fifty day simple moving average of $28.24.

Hedge Funds Weigh In On Voyager Technologies

Large investors have recently modified their holdings of the stock. Senvest Management LLC bought a new position in Voyager Technologies in the 2nd quarter valued at $110,514,000. Alyeska Investment Group L.P. bought a new position in Voyager Technologies in the third quarter valued at about $54,119,000. Wellington Management Group LLP increased its position in Voyager Technologies by 653.9% in the third 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 during the period. Vanguard Group Inc. raised its holdings in Voyager Technologies by 27.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock worth $35,344,000 after purchasing an additional 256,499 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Voyager Technologies in the 2nd quarter valued at about $41,607,000.

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.