Voyager Technologies (NYSE:VOYG) Shares Up 11.5% – Here’s Why

Shares of Voyager Technologies, Inc. (NYSE:VOYGGet Free Report) shot up 11.5% during trading on Friday . The company traded as high as $44.37 and last traded at $44.7310. 2,019,281 shares were traded during trading, an increase of 20% from the average session volume of 1,676,473 shares. The stock had previously closed at $40.10.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VOYG. Wedbush reissued an “outperform” rating and set a $46.00 price objective on shares of Voyager Technologies in a report on Friday, April 17th. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. JPMorgan Chase & Co. cut their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, TD Cowen assumed coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

Get Our Latest Stock Report on VOYG

Voyager Technologies Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The stock has a market capitalization of $2.40 billion and a price-to-earnings ratio of -16.11. The company has a 50-day moving average of $29.35 and a 200-day moving average of $27.79.

Voyager Technologies (NYSE:VOYGGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently modified their holdings of VOYG. Alyeska Investment Group L.P. purchased a new position in shares of Voyager Technologies during the third quarter valued at approximately $54,119,000. Wellington Management Group LLP lifted its stake in shares of Voyager Technologies by 653.9% during the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after buying an additional 1,415,192 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies during the second quarter valued at approximately $38,997,000. Senvest Management LLC lifted its stake in shares of Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after buying an additional 884,962 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Voyager Technologies during the second quarter valued at approximately $24,720,000.

Voyager Technologies Company Profile

(Get Free Report)

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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