Voyager Technologies (NYSE:VOYG) Shares Up 7% – Here’s Why

Shares of Voyager Technologies, Inc. (NYSE:VOYG) rose 7% during mid-day trading on Wednesday . The company traded as high as $26.83 and last traded at $27.1850. Approximately 783,262 shares were traded during trading, a decline of 38% from the average daily volume of 1,271,910 shares. The stock had previously closed at $25.40.

Analysts Set New Price Targets

A number of analysts have commented on VOYG shares. Bank of America decreased their price objective on Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a report on Monday, August 25th. Morgan Stanley decreased their price target on Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, November 24th. KeyCorp cut their price objective 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. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a report on Monday, November 24th. They issued an “overweight” rating and a $43.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.71.

Voyager Technologies Trading Up 10.3%

The firm has a 50 day moving average of $27.23.

Institutional Investors Weigh In On Voyager Technologies

Several large investors have recently added to or reduced their stakes in VOYG. Senvest Management LLC bought a new position in Voyager Technologies in the 2nd quarter worth approximately $110,514,000. Liberty Street Advisors Inc. purchased a new stake in shares of Voyager Technologies during the second quarter worth $21,384,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Voyager Technologies in the second quarter worth $41,607,000. Cooper Creek Partners Management LLC purchased a new position in shares of Voyager Technologies in the second quarter valued at $12,184,000. Finally, HBK Investments L P bought a new stake in shares of Voyager Technologies during the 2nd quarter valued at $687,000.

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.