Shares of Voyager Technologies, Inc. (NYSE:VOYG – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $34.44, but opened at $36.20. Voyager Technologies shares last traded at $36.4990, with a volume of 528,157 shares.
Analysts Set New Price Targets
Several brokerages have issued reports on VOYG. Wells Fargo & Company began coverage on Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Citigroup raised their price objective on Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Voyager Technologies in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Voyager Technologies currently has an average rating of “Moderate Buy” and an average target price of $41.36.
Check Out Our Latest Research Report on VOYG
Voyager Technologies Stock Performance
Voyager Technologies (NYSE:VOYG – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million for the quarter. Voyager Technologies’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current year.
Hedge Funds Weigh In On Voyager Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of Voyager Technologies during the second quarter worth about $40,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the fourth quarter worth about $26,000. Osaic Holdings Inc. purchased a new position in shares of Voyager Technologies during the second quarter worth about $40,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Voyager Technologies during the fourth quarter worth about $28,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Voyager Technologies in the third quarter valued at about $34,000.
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.
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