Via Transportation (NYSE:VIA) Reaches New 12-Month Low – Time to Sell?

Via Transportation Inc. (NYSE:VIA)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $25.58 and last traded at $26.0030, with a volume of 500176 shares trading hands. The stock had previously closed at $27.99.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VIA. The Goldman Sachs Group began coverage on shares of Via Transportation in a report on Tuesday, October 7th. They issued a “neutral” rating and a $50.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $55.00 price target on Via Transportation and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Noble Financial cut Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded Via Transportation to a “hold” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.64.

Via Transportation Stock Down 1.5%

The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of -37.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The firm has a 50-day simple moving average of $35.42.

Via Transportation (NYSE:VIA) last released its earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The company had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Via Transportation in the 3rd quarter valued at $29,000. Assetmark Inc. purchased a new position in Via Transportation in the third quarter valued at $36,000. PNC Financial Services Group Inc. acquired a new stake in Via Transportation in the third quarter valued at $60,000. WINTON GROUP Ltd acquired a new stake in Via Transportation in the third quarter valued at $219,000. Finally, Legal & General Group Plc purchased a new stake in Via Transportation during the 3rd quarter worth about $239,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.