Insider Buying: Via Transportation (NYSE:VIA) Director Acquires $367,500.00 in Stock

Via Transportation Inc. (NYSE:VIAGet Free Report) Director Nechemia Jacob Peres purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the acquisition, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. The trade was a 460.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Via Transportation Trading Up 2.0%

Shares of NYSE:VIA opened at $15.06 on Friday. The stock has a market capitalization of $1.22 billion and a P/E ratio of -16.19. Via Transportation Inc. has a 1-year low of $12.95 and a 1-year high of $56.31. The business has a 50-day moving average price of $15.58 and a two-hundred day moving average price of $20.85.

Via Transportation News Roundup

Here are the key news stories impacting Via Transportation this week:

Analyst Ratings Changes

Several brokerages have weighed in on VIA. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $24.00 price objective on shares of Via Transportation in a report on Wednesday, May 13th. Oppenheimer reissued an “outperform” rating and set a $25.00 price objective on shares of Via Transportation in a report on Monday, June 1st. Morgan Stanley reissued an “overweight” rating and set a $24.00 price objective on shares of Via Transportation in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a report on Wednesday, May 13th. Twelve investment 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.10.

Read Our Latest Report on VIA

Institutional Trading of Via Transportation

A number of institutional investors and hedge funds have recently modified their holdings of VIA. Bank of America Corp DE bought a new stake in shares of Via Transportation in the 3rd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Via Transportation in the 4th quarter valued at about $34,000. Assetmark Inc. bought a new stake in shares of Via Transportation in the 3rd quarter valued at about $36,000. Essential Partners LLC bought a new stake in shares of Via Transportation in the 1st quarter valued at about $40,000. Finally, Strs Ohio bought a new stake in shares of Via Transportation in the 4th quarter valued at about $52,000. 74.40% of the stock is owned by institutional investors.

About Via Transportation

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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.

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