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

Via Transportation Inc. (NYSE:VIA) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.80.

A number of analysts have commented on VIA shares. Morgan Stanley reiterated an “overweight” rating and issued a $24.00 price objective on shares of Via Transportation in a research report on Tuesday, May 12th. Raymond James Financial set a $19.00 target price on Via Transportation in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a research note on Wednesday, May 13th. Guggenheim restated a “buy” rating and issued a $50.00 price objective on shares of Via Transportation in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company raised their price objective on shares of Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 7th.

Via Transportation Stock Up 2.1%

Shares of Via Transportation stock opened at $28.18 on Friday. The stock has a 50 day moving average price of $20.74 and a two-hundred day moving average price of $17.67. The stock has a market capitalization of $2.30 billion and a P/E ratio of -24.72. Via Transportation has a 12-month low of $12.95 and a 12-month high of $56.31.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping 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. Sell-side analysts anticipate that Via Transportation will post -0.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Nechemia Jacob Peres purchased 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 approximately $447,379.80. This trade represents a 460.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Daniel Ramot bought 3,571 shares of Via Transportation stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $49,994.00. Following the completion of the acquisition, the chief executive officer directly owned 2,420,957 shares in the company, valued at $33,893,398. This represents a 0.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have acquired 41,984 shares of company stock valued at $716,668. Company insiders own 39.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VIA. Bank of America Corp DE acquired a new position in Via Transportation in the third quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Via Transportation during the 4th quarter worth $34,000. Essential Partners LLC bought a new stake in shares of Via Transportation during the 1st quarter valued at $40,000. Strs Ohio acquired a new position in shares of Via Transportation in the 4th quarter valued at $52,000. Finally, Assetmark Inc. boosted its position in shares of Via Transportation by 89.0% in the 1st quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock worth $54,000 after purchasing an additional 1,710 shares during the last quarter. Institutional investors own 74.40% of the company’s stock.

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.