Voyager Technologies (NYSE:VOYG) Sees Large Volume Increase – Here’s Why

Shares of Voyager Technologies, Inc. (NYSE:VOYG) saw strong trading volume on Monday . 1,303,780 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 1,249,670 shares.The stock last traded at $22.6530 and had previously closed at $23.75.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley reduced their price objective on 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. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, October 8th. Bank of America lowered their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a report on Monday, November 24th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, KeyCorp lowered their target price 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. Five investment 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. Based on data from MarketBeat.com, Voyager Technologies has an average rating of “Moderate Buy” and an average target price of $42.71.

Voyager Technologies Price Performance

The stock’s 50-day simple moving average is $27.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VOYG. Senvest Management LLC purchased a new stake in shares of Voyager Technologies during the second quarter valued at approximately $110,514,000. Alyeska Investment Group L.P. purchased a new position in Voyager Technologies in the third quarter worth $54,119,000. Wellington Management Group LLP grew 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 valued at $48,589,000 after purchasing an additional 1,415,192 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at $41,607,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies in the 2nd quarter worth about $38,997,000.

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.