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

Shares of Via Transportation Inc. (NYSE:VIA) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $56.6364.

A number of analysts have recently issued reports on VIA shares. William Blair began coverage on Via Transportation in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Wells Fargo & Company assumed coverage on shares of Via Transportation in a report on Tuesday, October 7th. They issued an “overweight” rating and a $60.00 price target on the stock. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley started coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $53.00 target price on the stock. Finally, Guggenheim started coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They issued a “buy” rating and a $58.00 price target for the company.

Via Transportation Stock Down 10.4%

VIA stock opened at $24.08 on Thursday. Via Transportation has a twelve month low of $23.67 and a twelve month high of $56.31. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.95 billion and a P/E ratio of -34.90. The business’s 50-day moving average price is $33.82.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The business had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

Hedge Funds Weigh In On Via Transportation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in Via Transportation in the 3rd quarter valued at $2,331,000. Hudson Bay Capital Management LP bought a new position in shares of Via Transportation during the third quarter valued at $1,278,000. Woodline Partners LP acquired a new stake in shares of Via Transportation in the 3rd quarter valued at $962,000. Alyeska Investment Group L.P. acquired a new stake in shares of Via Transportation in the 3rd quarter valued at $2,885,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Via Transportation in the 3rd quarter worth about $381,000. 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.