Voyager Technologies, Inc.’s (NYSE:VOYG) Lock-Up Period Will End on December 8th

Voyager Technologies’ (NYSE:VOYG) lock-up period is set to end on Monday, December 8th. Voyager Technologies had issued 12,348,387 shares in its IPO on June 11th. The total size of the offering was $382,799,997 based on an initial share price of $31.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. Morgan Stanley lowered their price target on shares of Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, November 24th. Bank of America cut their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. KeyCorp decreased their target price on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. began 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. Five equities research 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 data from MarketBeat.com, Voyager Technologies has an average rating of “Moderate Buy” and a consensus price target of $42.71.

Voyager Technologies Trading Up 6.3%

NYSE:VOYG opened at $23.54 on Friday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The stock’s 50 day moving average is $27.53.

Institutional Trading of Voyager Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new stake in Voyager Technologies during the 3rd quarter valued at about $54,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Voyager Technologies during the third quarter worth about $190,000. Focus Partners Wealth boosted its position in Voyager Technologies by 15.0% in the third quarter. Focus Partners Wealth now owns 40,506 shares of the company’s stock valued at $1,206,000 after buying an additional 5,295 shares during the last quarter. Bank of America Corp DE increased its holdings in Voyager Technologies by 403.1% in the 3rd quarter. Bank of America Corp DE now owns 227,081 shares of the company’s stock worth $6,762,000 after buying an additional 181,949 shares during the period. Finally, Ameriprise Financial Inc. raised 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 buying an additional 757 shares during the last quarter.

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.