Stephens Investment Management Group LLC Buys 134,646 Shares of Via Transportation Inc. $VIA

Stephens Investment Management Group LLC lifted its stake in shares of Via Transportation Inc. (NYSE:VIA) by 135.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234,211 shares of the company’s stock after buying an additional 134,646 shares during the quarter. Stephens Investment Management Group LLC owned about 0.29% of Via Transportation worth $6,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of Via Transportation during the 3rd quarter worth approximately $93,662,000. Koch Inc. purchased a new position in shares of Via Transportation in the 3rd quarter valued at approximately $81,747,000. Capital Research Global Investors bought a new stake in shares of Via Transportation during the third quarter valued at approximately $40,536,000. Vanguard Group Inc. bought a new stake in shares of Via Transportation during the third quarter valued at approximately $39,965,000. Finally, Capital International Investors purchased a new stake in Via Transportation in the third quarter worth $26,444,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Via Transportation Trading Up 0.0%

VIA stock opened at $14.75 on Monday. The stock’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $25.17. Via Transportation Inc. has a 12-month low of $12.95 and a 12-month high of $56.31. The stock has a market capitalization of $1.20 billion and a PE ratio of -21.38.

Via Transportation (NYSE:VIA) last posted its earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter. On average, research analysts predict that Via Transportation Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VIA shares. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a research report on Wednesday. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their price target on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and set a $24.00 price objective on shares of Via Transportation in a research note on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.60.

Via Transportation 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.