Via Transportation (NYSE:VIA) Director Nechemia Jacob Peres Buys 25,000 Shares

Via Transportation Inc. (NYSE:VIA) Director Nechemia Jacob Peres acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $14.70 per share, with a total value of $367,500.00. Following the acquisition, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. This trade represents a 460.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Via Transportation Stock Performance

Shares of Via Transportation stock opened at $14.75 on Friday. Via Transportation Inc. has a one year low of $12.95 and a one year high of $56.31. The stock’s fifty day moving average is $15.59 and its 200 day moving average is $20.89. The stock has a market cap of $1.20 billion and a P/E ratio of -15.86.

Institutional Investors Weigh In On Via Transportation

A number of institutional investors have recently bought and sold shares of VIA. Principal Financial Group Inc. purchased a new stake in Via Transportation in the 3rd quarter worth $14,394,000. Compagnie Lombard Odier SCmA purchased a new stake in Via Transportation in the 3rd quarter worth $240,000. Assetmark Inc. purchased a new stake in Via Transportation in the 3rd quarter worth $36,000. TimesSquare Capital Management LLC purchased a new stake in Via Transportation in the 3rd quarter worth $716,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Via Transportation in the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

More Via Transportation News

Here are the key news stories impacting Via Transportation this week:

• Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, Robbins LLP, Kahn Swick & Foti, Frank R. Cruz, Bronstein Gewirtz & Grossman, Robbins Geller, Faruqi & Faruqi, Kirby McInerney, Rosen, and Portnoy, announced or promoted class action lawsuits and lead-plaintiff deadlines for investors who bought VIA shares in connection with the IPO. These updates reinforce the market’s focus on litigation risk and the possibility of further downside. Article Title
• Neutral Sentiment: Director Nechemia Jacob Peres bought 25,000 shares at an average price of $14.70, increasing his stake materially. Insider buying can signal confidence from management, but it may not be enough to offset the negative sentiment from the lawsuit headlines. Article Title
• Neutral Sentiment: An article on Via’s valuation after its recent share-price pullback suggests investors are reassessing the stock’s fundamentals, but it did not introduce a new company-specific catalyst. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VIA. Raymond James Financial set a $19.00 target price on Via Transportation in a report on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday, March 2nd. Weiss Ratings raised Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Via Transportation in a report on Monday, June 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Via Transportation in a report on Tuesday, May 12th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.10.

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.