Stephens Investment Management Group LLC Makes New $4.79 Million Investment in Via Transportation Inc. $VIA

Stephens Investment Management Group LLC acquired a new position in shares of Via Transportation Inc. (NYSE:VIA) in the 3rd quarter, HoldingsChannel reports. The firm acquired 99,565 shares of the company’s stock, valued at approximately $4,787,000.

Via Transportation Trading Down 2.7%

Shares of NYSE:VIA opened at $23.02 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17. Via Transportation Inc. has a 1-year low of $22.65 and a 1-year high of $56.31. The company has a market cap of $1.86 billion and a PE ratio of -33.36. The stock’s 50-day moving average price is $32.74.

Via Transportation (NYSE:VIA) last issued 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 firm had revenue of $109.65 million for the quarter, compared to the consensus estimate of $106.42 million.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer set a $59.00 price target on Via Transportation and gave the company an “outperform” rating in a report on Tuesday, October 7th. William Blair started coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Via Transportation to a “hold” rating in a report on Wednesday, September 24th. Morgan Stanley began coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $53.00 target price for the company. Finally, JMP Securities began coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set a “market outperform” rating and a $59.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.64.

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.