Voyager Technologies (NYSE:VOYG) Trading 9.5% Higher – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was up 9.5% during trading on Thursday . The stock traded as high as $24.90 and last traded at $26.0210. Approximately 219,036 shares were traded during trading, a decline of 86% from the average daily volume of 1,572,671 shares. The stock had previously closed at $23.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Voyager Technologies in a report on Wednesday. They issued an “underweight” rating and a $21.00 target price for the company. TD Cowen assumed coverage on shares of Voyager Technologies in a research report on Wednesday. They set a “buy” rating and a $35.00 price objective for the company. Zacks Research downgraded shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Finally, Citigroup assumed coverage on shares of Voyager Technologies in a research note on Monday. They issued a “buy” rating and a $36.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Voyager Technologies Price Performance

The business has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $28.03. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of -6.08.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The business had revenue of $46.65 million for the quarter. Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The business’s quarterly revenue was up 23.7% on a year-over-year basis.

Institutional Trading of Voyager Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. bought a new stake in Voyager Technologies during the third quarter worth $54,119,000. Wellington Management Group LLP boosted its holdings in Voyager Technologies by 653.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after acquiring an additional 1,415,192 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Voyager Technologies in the 2nd quarter worth $38,997,000. Senvest Management LLC raised its holdings in shares of Voyager Technologies by 29.3% in the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Voyager Technologies during the second quarter valued at about $24,720,000.

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.