Zweig DiMenna Associates LLC Purchases New Position in Via Transportation Inc. $VIA

Zweig DiMenna Associates LLC purchased a new stake in Via Transportation Inc. (NYSE:VIA) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 130,200 shares of the company’s stock, valued at approximately $3,777,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VIA. Bank of America Corp DE acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $29,000. Assetmark Inc. acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $60,000. Strs Ohio acquired a new position in shares of Via Transportation during the 4th quarter worth approximately $52,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Up 5.2%

Shares of Via Transportation stock opened at $15.26 on Friday. The company has a 50 day moving average of $15.39 and a 200-day moving average of $22.74. Via Transportation Inc. has a 1-year low of $12.95 and a 1-year high of $56.31. The company has a market cap of $1.24 billion and a PE ratio of -16.41.

Via Transportation (NYSE:VIA) last issued its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. Research analysts forecast that Via Transportation Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

VIA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $25.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $24.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Via Transportation in a research report on Monday, March 2nd. Raymond James Financial set a $19.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th. Finally, Guggenheim decreased their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.60.

Via Transportation 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.