Voyager Technologies (NYSE:VOYG) Trading 8.7% Higher – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG) was up 8.7% on Friday . The company traded as high as $25.92 and last traded at $26.0550. Approximately 670,282 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,314,453 shares. The stock had previously closed at $23.97.

Analyst Upgrades and Downgrades

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

Voyager Technologies Stock Up 11.4%

The company has a 50 day simple moving average of $26.14.

Institutional Trading of Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Highline Wealth Partners LLC purchased a new position in Voyager Technologies in the 2nd quarter valued at approximately $26,000. New York State Common Retirement Fund boosted its holdings 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 worth $131,000 after acquiring an additional 685 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Voyager Technologies in the second quarter valued at $28,000. Ameriprise Financial Inc. raised its stake in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after purchasing an additional 757 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Voyager Technologies during the 2nd quarter worth about $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. 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.