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

Shares of Via Transportation Inc. (NYSE:VIA) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $54.9091.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised Via Transportation from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 13th. Noble Financial downgraded Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Morgan Stanley raised shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 20th. Finally, Oppenheimer decreased their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd.

Via Transportation Trading Up 2.3%

Shares of VIA opened at $20.56 on Monday. Via Transportation has a 1-year low of $19.49 and a 1-year high of $56.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17. The company’s 50-day moving average is $27.87. The company has a market cap of $1.67 billion and a price-to-earnings ratio of -29.80.

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

Hedge Funds Weigh In On Via Transportation

Several large investors have recently made changes to their positions in VIA. Bank of America Corp DE purchased a new stake in shares of Via Transportation in the 3rd quarter worth approximately $29,000. Assetmark Inc. purchased a new position in Via Transportation during the third quarter valued at $36,000. PNC Financial Services Group Inc. bought a new stake in Via Transportation in the third quarter worth $60,000. Strs Ohio purchased a new stake in shares of Via Transportation in the fourth quarter worth $52,000. Finally, WINTON GROUP Ltd bought a new position in shares of Via Transportation during the third quarter valued at $219,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

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.