Via Transportation Inc. (NYSE:VIA) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Via Transportation Inc. (NYSE:VIA) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.75.

Several research analysts have recently weighed in on VIA shares. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a report on Monday, September 14th. Wells Fargo & Company raised their price target on Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings lowered Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. Morgan Stanley upped their price objective on Via Transportation from $24.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Finally, Oppenheimer increased their target price on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 7th.

Via Transportation Price Performance

Shares of VIA opened at $36.75 on Friday. Via Transportation has a twelve month low of $12.95 and a twelve month high of $55.20. The firm has a 50 day moving average of $29.20 and a 200 day moving average of $21.41.

Via Transportation (NYSE:VIA) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating 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 business had revenue of $135.71 million for the quarter. On average, equities research analysts predict that Via Transportation will post -0.81 EPS for the current fiscal year.

Insider Activity

In other news, Director Nechemia Peres purchased 10,080 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $24.74 per share, for a total transaction of $249,379.20. Following the purchase, the director directly owned 40,514 shares in the company, valued at $1,002,316.36. This trade represents a 33.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 39.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Via Transportation

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Via Transportation by 39.6% during the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after purchasing an additional 308,283 shares in the last quarter. Robeco Schweiz AG purchased a new stake in Via Transportation in the third quarter worth about $7,674,000. Janus Henderson Group PLC increased its position in Via Transportation by 41.9% in the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after buying an additional 252,381 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Via Transportation by 222.4% in the first quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock worth $4,942,000 after buying an additional 227,300 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Via Transportation in the first quarter worth about $2,433,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Company Profile

Via Transportation, Inc (NYSE: VIA) is a transportation technology company that provides software and services for public transit agencies, corporations, universities, schools and other organizations. Its platform is designed to help manage on-demand and fixed-route transportation, including shared rides, paratransit, microtransit and shuttle services.

The company’s technology supports functions such as vehicle and driver management, routing, scheduling, rider booking, payments, customer communications and performance analysis.