Neo Ivy Capital Management Purchases New Stake in Via Transportation Inc. $VIA

Neo Ivy Capital Management acquired a new position in shares of Via Transportation Inc. (NYSE:VIA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,674 shares of the company’s stock, valued at approximately $1,379,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Koch Inc. bought a new position in shares of Via Transportation during the 3rd quarter valued at approximately $81,747,000. Principal Financial Group Inc. bought a new stake in shares of Via Transportation in the 3rd quarter worth approximately $14,394,000. Stephens Investment Management Group LLC purchased a new position in Via Transportation in the third quarter valued at approximately $4,787,000. Federated Hermes Inc. purchased a new stake in Via Transportation in the third quarter worth $9,616,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Via Transportation in the third quarter valued at $3,366,000. Institutional investors own 74.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIA. Oppenheimer decreased their price objective on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd. Guggenheim dropped their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Morgan Stanley cut their price objective on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, Noble Financial lowered shares of Via Transportation to a “buy” rating 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Down 0.4%

Shares of NYSE VIA opened at $19.08 on Friday. The company has a current ratio of 4.98, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.55 billion and a P/E ratio of -27.65. Via Transportation Inc. has a 52 week low of $15.48 and a 52 week high of $56.31. The business has a 50-day moving average of $22.28.

Via Transportation (NYSE:VIA) last released its quarterly earnings data on Friday, February 27th. The company reported $999.00 EPS for the quarter.

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.