Voyager Technologies (NYSE:VOYG) Shares Up 10.8% – Time to Buy?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price shot up 10.8% during mid-day trading on Friday . The stock traded as high as $20.06 and last traded at $20.1990. 984,641 shares changed hands during trading, a decline of 20% from the average session volume of 1,232,370 shares. The stock had previously closed at $18.23.

Analysts Set New Price Targets

VOYG has been the subject of a number of research analyst reports. KeyCorp decreased their price target 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, October 8th. Bank of America reduced their price target on Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a report on Monday, August 25th. Finally, Wall Street Zen lowered shares of Voyager Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Voyager Technologies Stock Performance

The company’s 50-day moving average price is $29.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new position in shares of Voyager Technologies during the second quarter worth $26,000. New York State Common Retirement Fund raised its stake in shares of Voyager Technologies by 18.4% during the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after purchasing an additional 685 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Voyager Technologies in the 2nd quarter worth $28,000. Ameriprise Financial Inc. increased its position in Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after purchasing an additional 757 shares during the period. 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.