Voyager Technologies (NYSE:VOYG) Trading Down 7.6% – Time to Sell?

Voyager Technologies, Inc. (NYSE:VOYG) fell 7.6% on Monday . The company traded as low as $24.35 and last traded at $24.5030. 1,262,693 shares changed hands during trading, a decline of 4% from the average session volume of 1,312,538 shares. The stock had previously closed at $26.53.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VOYG. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, October 8th. KeyCorp lowered their price target on Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Bank of America dropped their price target on Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Morgan Stanley decreased their price objective on Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Voyager Technologies in a report on Monday, November 24th. They set an “overweight” rating and a $43.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.71.

Voyager Technologies Stock Performance

The business has a fifty day simple moving average of $27.00.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new position in shares of Voyager Technologies during the 2nd quarter worth approximately $26,000. New York State Common Retirement Fund grew its stake in shares of Voyager Technologies by 18.4% in the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock valued at $131,000 after buying an additional 685 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Voyager Technologies during the second quarter worth $28,000. Ameriprise Financial Inc. raised its position in Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after acquiring an additional 757 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Voyager Technologies in the second quarter valued at $40,000.

Voyager Technologies Company Profile

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.