Nechemia Jacob Peres Purchases 10,080 Shares of Via Transportation (NYSE:VIA) Stock

Via Transportation Inc. (NYSE:VIA) Director Nechemia Jacob Peres acquired 10,080 shares of Via Transportation stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $24.74 per share, with a total value of $249,379.20. Following the purchase, the director directly owned 40,514 shares of the company’s stock, valued at $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nechemia Jacob Peres also recently made the following trade(s):

• On Tuesday, June 9th, Nechemia Jacob Peres bought 25,000 shares of Via Transportation stock. The shares were bought at an average cost of $14.70 per share, for a total transaction of $367,500.00.

Via Transportation Trading Up 5.3%

Shares of NYSE:VIA opened at $26.38 on Friday. The company has a market capitalization of $2.14 billion and a PE ratio of -23.14. Via Transportation Inc. has a 12-month low of $12.95 and a 12-month high of $56.31. The business’s fifty day simple moving average is $18.35 and its 200-day simple moving average is $17.39.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VIA. Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a research report on Wednesday, May 13th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target on shares of Via Transportation in a research report on Wednesday, June 17th. Raymond James Financial set a $19.00 price target on Via Transportation in a research note on Tuesday, May 12th. Oppenheimer raised their price objective on Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VIA. Capital Research Global Investors increased its stake in shares of Via Transportation by 153.9% during the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after purchasing an additional 1,297,114 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Via Transportation in the 3rd quarter worth about $93,662,000. Principal Financial Group Inc. increased its stake in Via Transportation by 39.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after buying an additional 308,283 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Via Transportation by 41.9% during the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after acquiring an additional 252,381 shares during the last quarter. Finally, Vanguard Group Inc. purchased a new position in shares of Via Transportation in the third quarter valued at approximately $39,965,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.