Via Transportation (NYSE:VIA) Hits New 52-Week Low – Should You Sell?

Via Transportation Inc. (NYSE:VIA) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.15 and last traded at $14.24, with a volume of 3038250 shares changing hands. The stock had previously closed at $16.68.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Noble Financial downgraded Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Morgan Stanley cut their price target on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Guggenheim dropped their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of Via Transportation in a research report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Price Performance

The firm has a 50 day moving average of $20.94. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of -20.64.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in VIA. Wellington Management Group LLP purchased a new position in shares of Via Transportation in the 3rd quarter valued at about $93,662,000. Koch Inc. acquired a new position in Via Transportation during the third quarter worth about $81,747,000. Capital Research Global Investors increased its holdings in Via Transportation by 153.9% in the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after buying an additional 1,297,114 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $39,965,000. Finally, Capital International Investors acquired a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $26,444,000. 74.40% of the stock is owned by institutional investors and hedge funds.

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.