Via Transportation Inc. (NYSE:VIA) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Via Transportation Inc. (NYSE:VIA) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.70.

Several equities research analysts have recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Via Transportation in a research note on Monday, September 14th. Weiss Ratings upgraded Via Transportation from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. Wells Fargo & Company increased their price objective on Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Guggenheim reissued a “buy” rating and issued a $50.00 target price on shares of Via Transportation in a research report on Wednesday, June 17th. Finally, Morgan Stanley boosted their target price on Via Transportation from $24.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, September 21st.

Via Transportation Stock Performance

VIA opened at $29.39 on Tuesday. The firm has a market cap of $2.40 billion and a P/E ratio of -25.78. The firm has a 50-day moving average of $24.91 and a 200 day moving average of $19.10. Via Transportation has a fifty-two week low of $12.95 and a fifty-two week high of $55.20.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.19. The business had revenue of $135.71 million for the quarter. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. Equities research analysts predict that Via Transportation will post -0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nechemia Peres acquired 10,080 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $24.74 per share, with a total value of $249,379.20. Following the acquisition, the director owned 40,514 shares in the company, valued at $1,002,316.36. The trade was a 33.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 39.28% of the company’s stock.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Weiss Asset Management LP bought a new stake in shares of Via Transportation in the first quarter valued at approximately $2,433,000. Bank of New York Mellon Corp bought a new position in Via Transportation in the 2nd quarter worth approximately $2,437,000. Compound Planning Inc. bought a new position in Via Transportation in the 1st quarter worth approximately $1,312,000. Renaissance Technologies LLC grew its stake in Via Transportation by 222.4% in the 1st quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock valued at $4,942,000 after buying an additional 227,300 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Via Transportation by 39.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after buying an additional 308,283 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.

Via Transportation Company Profile

Via Transportation is a transportation technology company that develops software and operates services for on-demand public transportation. Its platform enables transit agencies, municipalities, universities, corporations and other organizations to plan, manage and optimize flexible transportation networks.

The company’s products and services support microtransit, paratransit, school transportation, corporate shuttles and other shared mobility programs. Via’s technology can help match riders with vehicles, optimize routes, manage bookings and payments, and provide tools for dispatching, reporting and fleet operations.

Founded in 2012 by Daniel Ramot and Oren Shoval, Via serves transportation partners in multiple countries and works with public agencies and private organizations to complement fixed-route transit.