Via Transportation (NYSE:VIA) Director Purchases $249,379.20 in Stock

Via Transportation Inc. (NYSE:VIA) Director Nechemia Jacob Peres purchased 10,080 shares of Via Transportation stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $24.74 per share, with a total value of $249,379.20. Following the transaction, the director directly owned 40,514 shares of the company’s stock, valued at $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Nechemia Jacob Peres also recently made the following trade(s):

• On Tuesday, June 9th, Nechemia Jacob Peres acquired 25,000 shares of Via Transportation stock. The stock was acquired at an average cost of $14.70 per share, for a total transaction of $367,500.00.

Via Transportation Trading Down 0.5%

Shares of VIA opened at $26.22 on Friday. The business’s fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $17.45. Via Transportation Inc. has a 12 month low of $12.95 and a 12 month high of $56.31. The company has a market cap of $2.13 billion and a price-to-earnings ratio of -23.00.

Institutional Investors Weigh In On Via Transportation

A number of large investors have recently made changes to their positions in VIA. Wellington Management Group LLP bought a new position in shares of Via Transportation in the 3rd quarter worth approximately $93,662,000. Capital Research Global Investors grew its position in Via Transportation by 153.9% during the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after buying an additional 1,297,114 shares during the period. Vanguard Group Inc. purchased a new stake in Via Transportation during the third quarter valued at approximately $39,965,000. Summit Partners Public Asset Management LLC purchased a new stake in Via Transportation during the fourth quarter valued at approximately $14,233,000. Finally, Alliancebernstein L.P. bought a new position in Via Transportation in the third quarter worth approximately $23,317,000. 74.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VIA shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Friday, August 7th. Oppenheimer lifted their price objective on Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their target price on Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $25.00 target price on shares of Via Transportation in a research note on Wednesday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $24.00 price target on shares of Via Transportation in a report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

Via Transportation Company 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.