Via Transportation Inc. (NYSE:VIA) Receives Average Rating of “Moderate Buy” from Analysts

Via Transportation Inc. (NYSE:VIA) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.80.

Several research analysts have recently weighed in on the stock. Raymond James Financial set a $19.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th. Guggenheim reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Via Transportation in a research note on Wednesday, June 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $24.00 price objective on shares of Via Transportation in a research report on Wednesday, May 13th. Oppenheimer boosted their target price on shares of Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a report on Wednesday, May 13th.

Via Transportation Stock Up 2.1%

NYSE:VIA opened at $28.18 on Friday. Via Transportation has a 1-year low of $12.95 and a 1-year high of $56.31. The firm has a market capitalization of $2.30 billion and a price-to-earnings ratio of -24.72. The stock has a fifty day simple moving average of $20.74 and a 200 day simple moving average of $17.67.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.19. Via Transportation had a negative return on equity of 12.33% and a negative net margin of 20.04%.The firm had revenue of $135.71 million for the quarter. Equities analysts predict that Via Transportation will post -0.8 earnings per share for the current year.

Insider Buying and Selling at Via Transportation

In other Via Transportation news, CEO Daniel Ramot bought 3,571 shares of the stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of $14.00 per share, with a total value of $49,994.00. Following the purchase, the chief executive officer directly owned 2,420,957 shares in the company, valued at $33,893,398. The trade was a 0.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres purchased 25,000 shares of Via Transportation stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the transaction, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. This represents a 460.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 41,984 shares of company stock worth $716,668 over the last three months. 39.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIA. California State Teachers Retirement System increased its stake in Via Transportation by 133,368.8% in the 2nd quarter. California State Teachers Retirement System now owns 744,756 shares of the company’s stock valued at $13,510,000 after buying an additional 744,198 shares during the period. AXQ Capital LP purchased a new position in shares of Via Transportation during the 2nd quarter valued at $395,000. Wellington Management Group LLP grew its holdings in shares of Via Transportation by 0.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after acquiring an additional 6,395 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Via Transportation in the second quarter worth $2,437,000. Finally, Essential Partners LLC purchased a new stake in shares of Via Transportation during the first quarter worth $40,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

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.