Voyager Technologies (NYSE:VOYG) Trading Down 5.4% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) fell 5.4% on Wednesday . The stock traded as low as $22.50 and last traded at $22.7050. 202,595 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,214,529 shares. The stock had previously closed at $23.99.

Wall Street Analyst Weigh In

VOYG has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Voyager Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. KeyCorp decreased their target price on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Bank of America dropped their price target on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Voyager Technologies Trading Down 5.0%

The company has a 50-day moving average price of $30.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VOYG. Ameritas Investment Partners Inc. acquired a new stake in Voyager Technologies during the 3rd quarter valued at $34,000. Compass Wealth Management LLC acquired a new stake in Voyager Technologies in the 3rd quarter valued at about $2,318,000. Vanguard Group Inc. increased its position in Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after acquiring an additional 256,499 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Voyager Technologies by 47,685.7% in the third quarter. JPMorgan Chase & Co. now owns 13,380 shares of the company’s stock worth $398,000 after acquiring an additional 13,352 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Voyager Technologies during the third quarter worth approximately $93,000.

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.