Principal Financial Group Inc. Invests $14.39 Million in Via Transportation Inc. $VIA

Principal Financial Group Inc. acquired a new stake in Via Transportation Inc. (NYSE:VIA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 299,380 shares of the company’s stock, valued at approximately $14,394,000. Principal Financial Group Inc. owned 0.38% of Via Transportation as of its most recent SEC filing.

Separately, Stephens Investment Management Group LLC bought a new position in shares of Via Transportation in the 3rd quarter worth $4,787,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

Via Transportation Stock Up 2.7%

Via Transportation stock opened at $20.85 on Wednesday. The stock has a 50 day moving average of $27.37. The stock has a market cap of $1.69 billion and a P/E ratio of -30.22. Via Transportation Inc. has a twelve month low of $19.48 and a twelve month high of $56.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $106.42 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. The Goldman Sachs Group upgraded Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Morgan Stanley raised shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Finally, Noble Financial downgraded shares of Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Via Transportation currently has an average rating of “Moderate Buy” and a consensus target price of $54.91.

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.