Via Transportation Inc. (VIA) – What Are Brokerages Saying About This Stock?

Via Transportation Inc. (NYSE:VIA) has received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $34.75.

A number of brokerages have recently issued reports on VIA. Weiss Ratings downgraded Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 target price on shares of Via Transportation in a research report on Wednesday, October 7th. Finally, Morgan Stanley upped their target price on Via Transportation from $24.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, September 21st.

Insider Activity at Via Transportation

In other Via Transportation news, Director Nechemia Peres acquired 10,080 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $24.74 per share, for a total transaction of $249,379.20. Following the transaction, the director directly owned 40,514 shares of the company’s stock, valued at approximately $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 39.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Via Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Via Transportation during the fourth quarter worth about $49,000. Assetmark Inc. grew its position in shares of Via Transportation by 89.0% in the first quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock valued at $54,000 after purchasing an additional 1,710 shares during the last quarter. Essential Partners LLC purchased a new position in shares of Via Transportation during the 1st quarter worth approximately $40,000. Wellington Management Group LLP increased its stake in shares of Via Transportation by 0.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock worth $45,107,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Via Transportation by 78.1% during the 1st quarter. Sei Investments Co. now owns 18,020 shares of the company’s stock worth $270,000 after purchasing an additional 7,904 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Down 4.8%

Shares of NYSE:VIA traded down $1.63 during midday trading on Friday, hitting $31.95. The stock had a trading volume of 695,568 shares, compared to its average volume of 913,313. Via Transportation has a 1 year low of $12.95 and a 1 year high of $55.20. The stock has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $20.73. The company has a market capitalization of $2.60 billion and a PE ratio of -28.03.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.19. The firm had revenue of $135.71 million during the quarter. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. As a group, equities analysts expect that Via Transportation will post -0.81 EPS for the current year.

About Via Transportation

Via Transportation, Inc is a transportation technology company that provides software and operational services for on-demand and shared public transit. Its platform helps transit agencies, municipalities, schools, universities and private organizations plan, book, route and manage flexible transportation services.

Via’s products support services such as microtransit, paratransit, demand-responsive bus networks, school transportation and transportation-as-a-service programs. The company’s technology is designed to match riders with vehicles, optimize routes and improve the efficiency and accessibility of local transportation systems.