Via Transportation (NYSE:VIA) Sets New 12-Month Low – Here’s What Happened

Via Transportation Inc. (NYSE:VIA) shares hit a new 52-week low on Monday . The stock traded as low as $19.48 and last traded at $19.90, with a volume of 98631 shares. The stock had previously closed at $20.56.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Via Transportation from a “neutral” rating to a “buy” rating in a report on Tuesday, January 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Noble Financial cut Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Finally, Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 20th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Via Transportation currently has an average rating of “Moderate Buy” and an average target price of $54.91.

Via Transportation Stock Performance

The company has a fifty day moving average of $27.87. The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of -29.28. 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 (NYSE:VIA) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $106.42 million.

Hedge Funds Weigh In On Via Transportation

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in Via Transportation in the 3rd quarter valued at $29,000. Assetmark Inc. bought a new stake in shares of Via Transportation in the third quarter valued at about $36,000. Strs Ohio bought a new stake in shares of Via Transportation in the fourth quarter valued at about $52,000. PNC Financial Services Group Inc. acquired a new position in shares of Via Transportation in the third quarter valued at about $60,000. Finally, WINTON GROUP Ltd bought a new position in Via Transportation during the third quarter worth about $219,000. 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.