Via Transportation (NYSE:VIA) Trading Down 6.1% – Time to Sell?

Via Transportation Inc. (NYSE:VIA) shares fell 6.1% on Tuesday . The company traded as low as $17.65 and last traded at $17.4650. 58,508 shares were traded during mid-day trading, a decline of 93% from the average session volume of 803,917 shares. The stock had previously closed at $18.59.

More Via Transportation News

Here are the key news stories impacting Via Transportation this week:

• Negative Sentiment: Multiple law firms reiterated that a class action has been filed against Via Transportation and certain officers, alleging violations of federal securities laws related to IPO offering materials. Article Title
• Negative Sentiment: Several notices emphasized that investors who bought VIA shares in or around the IPO may have lost money and can seek lead-plaintiff status, reinforcing concerns about litigation exposure. Article Title
• Negative Sentiment: One filing framed the lawsuit as stemming from alleged “land and expand” growth claims that supposedly masked regulatory barriers, suggesting the stock’s prior weakness may be tied to operational and disclosure concerns. Article Title
• Neutral Sentiment: Additional firms including Robbins Geller, Rosen, Pomerantz, Portnoy, Gross, SueWallSt, and Faruqi & Faruqi issued deadline reminders and case updates, but these were largely procedural rather than new company-specific developments. Article Title

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VIA shares. Deutsche Bank Aktiengesellschaft set a $25.00 target price on shares of Via Transportation in a research note on Wednesday, May 13th. Oppenheimer restated an “outperform” rating and issued a $25.00 price objective on shares of Via Transportation in a research report on Monday, June 1st. Weiss Ratings raised Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $24.00 target price on shares of Via Transportation in a research note on Tuesday, May 12th. Finally, Raymond James Financial set a $19.00 price target on Via Transportation in a report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.10.

Via Transportation Trading Down 3.5%

The business has a 50-day moving average price of $16.24 and a 200 day moving average price of $17.86. The stock has a market capitalization of $1.42 billion and a P/E ratio of -18.77.

Insider Buying and Selling

In related news, CEO Daniel Ramot bought 3,571 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of $14.00 per share, for a total transaction of $49,994.00. Following the acquisition, the chief executive officer owned 2,420,957 shares in the company, valued at $33,893,398. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres acquired 25,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the purchase, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. This trade represents a 460.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 31,904 shares of company stock worth $467,289. Company insiders own 39.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VIA. Summit Partners Public Asset Management LLC bought a new position in Via Transportation in the 4th quarter worth about $14,233,000. Stephens Investment Management Group LLC raised its stake in shares of Via Transportation by 135.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 234,211 shares of the company’s stock valued at $6,794,000 after acquiring an additional 134,646 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Via Transportation during the fourth quarter valued at approximately $3,777,000. Tudor Investment Corp ET AL purchased a new stake in shares of Via Transportation in the third quarter valued at approximately $2,331,000. Finally, UBS Group AG grew its stake in Via Transportation by 104.2% in the fourth quarter. UBS Group AG now owns 110,200 shares of the company’s stock worth $3,197,000 after purchasing an additional 56,225 shares in the last quarter. Institutional investors 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.