Via Transportation Inc. (NYSE:VIA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Via Transportation Inc. (NYSE:VIA) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $49.00.

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective 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. Noble Financial cut Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Via Transportation in a research note on Monday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th.

Institutional Investors Weigh In On Via Transportation

Several hedge funds have recently made changes to their positions in VIA. Bank of America Corp DE purchased a new stake in shares of Via Transportation during the third quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Via Transportation during the fourth quarter worth approximately $34,000. Assetmark Inc. purchased a new stake in shares of Via Transportation during the third quarter worth approximately $36,000. Strs Ohio purchased a new stake in shares of Via Transportation during the fourth quarter worth approximately $52,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Via Transportation during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Up 1.2%

Shares of NYSE VIA opened at $15.99 on Tuesday. The firm has a market cap of $1.30 billion and a PE ratio of -23.17. Via Transportation has a 52-week low of $13.11 and a 52-week high of $56.31. The firm has a 50-day moving average price of $17.67.

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

About Via Transportation

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.