Stephens Investment Management Group LLC Grows Stock Holdings in Via Transportation Inc. $VIA

Stephens Investment Management Group LLC increased its stake in Via Transportation Inc. (NYSE:VIA) by 135.2% during the 4th quarter, HoldingsChannel reports. The firm owned 234,211 shares of the company’s stock after buying an additional 134,646 shares during the period. Stephens Investment Management Group LLC’s holdings in Via Transportation were worth $6,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in Via Transportation during the 3rd quarter valued at $93,662,000. Koch Inc. purchased a new position in shares of Via Transportation in the 3rd quarter worth $81,747,000. Capital Research Global Investors bought a new stake in shares of Via Transportation in the third quarter worth $40,536,000. Vanguard Group Inc. purchased a new stake in Via Transportation during the third quarter valued at $39,965,000. Finally, Capital International Investors purchased a new stake in Via Transportation during the third quarter valued at $26,444,000. Institutional investors own 74.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VIA. Morgan Stanley reissued an “overweight” rating and issued a $24.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $24.00 price objective on shares of Via Transportation in a report on Wednesday. Guggenheim cut their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Oppenheimer dropped their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Via Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Via Transportation Stock Up 0.0%

NYSE:VIA opened at $14.75 on Monday. The business’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $25.17. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31. The stock has a market cap of $1.20 billion and a PE ratio of -21.38.

Via Transportation (NYSE:VIA) last released its earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Via Transportation Inc. will post -0.77 earnings per share for the current fiscal year.

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.