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

Voyager Technologies’ (NYSE:VOYG) lock-up period is set to expire on Monday, December 8th. Voyager Technologies had issued 12,348,387 shares in its public offering on June 11th. The total size of the offering was $382,799,997 based on an initial share price of $31.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

VOYG has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Voyager Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a research report on Monday, November 24th. They set an “overweight” rating and a $43.00 price target for the company. Bank of America decreased their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Finally, Morgan Stanley dropped their price objective 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. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.71.

Voyager Technologies Price Performance

Shares of VOYG stock opened at $22.45 on Monday. Voyager Technologies has a twelve month low of $17.41 and a twelve month high of $73.95. The firm’s 50 day moving average is $28.24.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently made changes to their positions in the company. Senvest Management LLC purchased a new stake in Voyager Technologies during the second quarter worth $110,514,000. Alyeska Investment Group L.P. acquired a new position in shares of Voyager Technologies in the third quarter worth about $54,119,000. Wellington Management Group LLP boosted its stake in shares of Voyager Technologies by 653.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after acquiring an additional 1,415,192 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $41,607,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Voyager Technologies in the 2nd quarter valued at about $38,997,000.

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.