Zweig DiMenna Associates LLC Purchases Shares of 130,200 Via Transportation Inc. $VIA

Zweig DiMenna Associates LLC purchased a new stake in Via Transportation Inc. (NYSE:VIA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 130,200 shares of the company’s stock, valued at approximately $3,777,000. Zweig DiMenna Associates LLC owned about 0.16% of Via Transportation at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIA. Federated Hermes Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at $9,616,000. Principal Financial Group Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at $14,394,000. Compagnie Lombard Odier SCmA acquired a new stake in Via Transportation in the 3rd quarter valued at $240,000. Assetmark Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at $36,000. Finally, TimesSquare Capital Management LLC acquired a new stake in Via Transportation in the 3rd quarter valued at $716,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VIA shares. Guggenheim lowered their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Morgan Stanley restated an “overweight” rating and set a $24.00 price objective on shares of Via Transportation in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Via Transportation in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 price objective on shares of Via Transportation in a research note on Wednesday, May 13th. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Via Transportation presently has an average rating of “Moderate Buy” and an average target price of $38.60.

Via Transportation Stock Performance

Shares of VIA opened at $15.26 on Friday. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31. The firm has a market cap of $1.24 billion and a P/E ratio of -16.41. The firm’s 50-day simple moving average is $15.39 and its 200 day simple moving average is $22.74.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter. As a group, equities analysts forecast that Via Transportation Inc. will post -0.77 earnings per share for the current year.

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.