Via Transportation (NYSE:VIA) Shares Up 3% – Should You Buy?

Via Transportation Inc. (NYSE:VIA) shares rose 3% on Wednesday . The stock traded as high as $30.26 and last traded at $30.3770. Approximately 69,903 shares changed hands during trading, a decline of 82% from the average daily volume of 386,964 shares. The stock had previously closed at $29.48.

Analysts Set New Price Targets

VIA has been the subject of several analyst reports. Raymond James Financial set a $55.00 target price on Via Transportation and gave the company an “outperform” rating in a report on Tuesday, October 7th. Needham & Company LLC reiterated a “buy” rating on shares of Via Transportation in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Finally, William Blair initiated coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.64.

Via Transportation Trading Up 0.7%

The company has a 50-day moving average of $39.27.

Via Transportation (NYSE:VIA) last released its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The business had revenue of $109.65 million for the quarter, compared to the consensus estimate of $106.42 million.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Hudson Bay Capital Management LP bought a new position in Via Transportation in the 3rd quarter worth approximately $1,278,000. Tudor Investment Corp ET AL bought a new stake in Via Transportation in the 3rd quarter valued at $2,331,000. Woodline Partners LP acquired a new stake in Via Transportation in the 3rd quarter worth $962,000. Alyeska Investment Group L.P. acquired a new stake in Via Transportation during the third quarter worth about $2,885,000. Finally, Susquehanna International Group LLP bought a new position in Via Transportation during the third quarter valued at about $381,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.