Via Transportation (NYSE:VIA) Stock Price Up 5.6% – Should You Buy?

Shares of Via Transportation Inc. (NYSE:VIA) were up 5.6% on Thursday . The stock traded as high as $14.69 and last traded at $14.3550. Approximately 108,376 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 751,092 shares. The stock had previously closed at $13.59.

Wall Street Analysts Forecast Growth

VIA has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Oppenheimer decreased their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, January 22nd. Noble Financial lowered Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Finally, Guggenheim decreased their price target on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Via Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Performance

The company’s 50-day moving average is $19.24. The stock has a market cap of $1.16 billion and a price-to-earnings ratio of -20.70.

Via Transportation (NYSE:VIA) last announced its earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Via Transportation

Several hedge funds have recently bought and sold shares of VIA. Stephens Investment Management Group LLC acquired a new stake in Via Transportation during the 3rd quarter worth about $4,787,000. Federated Hermes Inc. purchased a new stake in shares of Via Transportation in the third quarter worth approximately $9,616,000. Principal Financial Group Inc. acquired a new stake in shares of Via Transportation during the third quarter worth approximately $14,394,000. Compagnie Lombard Odier SCmA acquired a new position in Via Transportation in the 3rd quarter valued at approximately $240,000. Finally, Assetmark Inc. purchased a new stake in Via Transportation in the 3rd quarter worth approximately $36,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

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.