Via Transportation Inc. (NYSE:VIA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Via Transportation Inc. (NYSE:VIA) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.70.

A number of equities research analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Via Transportation in a research report on Wednesday, June 17th. Weiss Ratings upgraded shares of Via Transportation from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. Morgan Stanley boosted their price target on shares of Via Transportation from $24.00 to $33.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of Via Transportation in a research report on Monday, September 14th.

Via Transportation Price Performance

Shares of NYSE:VIA opened at $27.20 on Tuesday. The stock has a market capitalization of $2.22 billion and a P/E ratio of -23.86. The business has a 50-day moving average of $24.04 and a two-hundred day moving average of $18.82. Via Transportation has a fifty-two week low of $12.95 and a fifty-two week high of $55.20.

Via Transportation (NYSE:VIA) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.19. Via Transportation had a negative return on equity of 12.33% and a negative net margin of 20.04%.The business had revenue of $135.71 million for the quarter. As a group, research analysts expect that Via Transportation will post -0.8 EPS for the current fiscal year.

Insider Activity

In related news, Director Nechemia Peres bought 10,080 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $24.74 per share, with a total value of $249,379.20. Following the acquisition, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. This represents a 33.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 39.28% of the company’s stock.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIA. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation in the fourth quarter valued at $49,000. Assetmark Inc. raised its stake in shares of Via Transportation by 89.0% in the first quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock worth $54,000 after acquiring an additional 1,710 shares during the last quarter. Essential Partners LLC acquired a new position in shares of Via Transportation during the first quarter worth approximately $40,000. Ashford Capital Management Inc. grew its stake in shares of Via Transportation by 3.3% during the fourth quarter. Ashford Capital Management Inc. now owns 190,660 shares of the company’s stock valued at $5,531,000 after purchasing an additional 6,010 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Via Transportation by 0.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock worth $45,107,000 after buying an additional 6,395 shares in the last quarter. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Via Transportation Company Profile

Via Transportation is a transportation technology company that develops software and operates services for on-demand public transportation. Its platform enables transit agencies, municipalities, universities, corporations and other organizations to plan, manage and optimize flexible transportation networks.

The company’s products and services support microtransit, paratransit, school transportation, corporate shuttles and other shared mobility programs. Via’s technology can help match riders with vehicles, optimize routes, manage bookings and payments, and provide tools for dispatching, reporting and fleet operations.

Founded in 2012 by Daniel Ramot and Oren Shoval, Via serves transportation partners in multiple countries and works with public agencies and private organizations to complement fixed-route transit.