Via Transportation (NYSE:VIA) Sets New 52-Week Low – Should You Sell?

Via Transportation Inc. (NYSE:VIA) hit a new 52-week low during trading on Tuesday . The stock traded as low as $16.80 and last traded at $16.7050, with a volume of 20825 shares. The stock had previously closed at $18.02.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Oppenheimer reduced their price objective on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. The Goldman Sachs Group upgraded shares of Via Transportation from a “neutral” rating to a “buy” rating in a report on Tuesday, January 13th. Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Finally, Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Via Transportation Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The firm has a market capitalization of $1.30 billion and a price-to-earnings ratio of -23.26. The stock has a 50-day moving average price of $25.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Via Transportation during the 3rd quarter valued at approximately $14,394,000. Stephens Investment Management Group LLC purchased a new position in Via Transportation during the third quarter valued at approximately $4,787,000. Federated Hermes Inc. purchased a new position in Via Transportation during the third quarter valued at approximately $9,616,000. Capital International Investors bought a new position in shares of Via Transportation in the third quarter worth approximately $26,444,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Via Transportation in the third quarter worth $1,379,000. Institutional investors 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.