Voyager Technologies (NYSE:VOYG) Stock Price Down 6.4% – Here’s Why

Shares of Voyager Technologies, Inc. (NYSE:VOYG) traded down 6.4% during trading on Monday . The company traded as low as $34.95 and last traded at $34.70. 260,282 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,895,193 shares. The stock had previously closed at $37.09.

Analyst Ratings Changes

VOYG has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research note on Friday, January 16th. Wedbush began coverage on Voyager Technologies in a report on Friday, January 23rd. They set an “outperform” rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Voyager Technologies in a research report on Monday, November 24th. They set an “overweight” rating and a $43.00 price objective on the stock. Finally, KeyCorp dropped their target price on Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.88.

Voyager Technologies Stock Performance

The business’s fifty day moving average price is $27.60 and its 200 day moving average price is $30.41.

Institutional Investors Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Senvest Management LLC acquired a new position in shares of Voyager Technologies in the second quarter worth approximately $110,514,000. Alyeska Investment Group L.P. acquired a new position in shares of Voyager Technologies in the 3rd quarter worth approximately $54,119,000. Wellington Management Group LLP boosted its stake in shares of 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 last quarter. Vanguard Group Inc. increased its position in shares of Voyager Technologies by 27.6% during 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 during the period. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Voyager Technologies during the second quarter worth $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. 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.