Via Transportation (NYSE:VIA) Trading Up 9.2% – Should You Buy?

Via Transportation Inc. (NYSE:VIA)’s share price rose 9.2% during trading on Friday . The stock traded as high as $16.69 and last traded at $17.5860. Approximately 206,387 shares were traded during trading, a decline of 61% from the average daily volume of 531,449 shares. The stock had previously closed at $16.10.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VIA. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group raised shares of Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Noble Financial cut shares of Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Via Transportation Price Performance

The company has a quick ratio of 5.17, a current ratio of 5.17 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.37 billion and a PE ratio of -24.38. The business has a fifty day moving average of $25.25.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in Via Transportation in the 3rd quarter valued at $29,000. Assetmark Inc. bought a new stake in shares of Via Transportation in the third quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its stake in shares of Via Transportation by 75.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after buying an additional 944 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Via Transportation during the fourth quarter valued at about $34,000. Finally, Squarepoint Ops LLC raised its holdings in Via Transportation by 9.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,343 shares of the company’s stock valued at $474,000 after acquiring an additional 1,343 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.

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.