Via Transportation Inc. $VIA Shares Newly Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new position in shares of Via Transportation Inc. (NYSE:VIA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 76,615 shares of the company’s stock, valued at approximately $2,318,000. Lisanti Capital Growth LLC owned about 0.09% of Via Transportation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Joel Isaacson & Co. LLC bought a new stake in Via Transportation in the third quarter valued at about $295,000. Penn Capital Management Company LLC bought a new position in Via Transportation during the 3rd quarter worth approximately $6,246,000. Fulcrum Asset Management LLP bought a new position in Via Transportation during the 3rd quarter worth approximately $979,000. Calamos Advisors LLC bought a new position in Via Transportation during the 3rd quarter worth approximately $266,000. Finally, Robeco Schweiz AG acquired a new position in shares of Via Transportation in the 3rd quarter worth approximately $7,674,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VIA has been the subject of a number of research analyst reports. Citizens Jmp boosted their price target on Via Transportation from $37.00 to $55.00 and gave the company a “market outperform” rating in a report on Tuesday. Weiss Ratings cut Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. Oppenheimer raised their price objective on Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Morgan Stanley lifted their price objective on shares of Via Transportation from $33.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Citigroup reiterated a “market outperform” rating on shares of Via Transportation in a research note on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Via Transportation has a consensus rating of “Moderate Buy” and an average price target of $41.56.

Via Transportation Stock Down 4.1%

VIA opened at $42.82 on Thursday. The company’s 50-day moving average price is $32.09 and its 200 day moving average price is $21.71. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $50.88. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -37.56 and a beta of 0.90.

Via Transportation (NYSE:VIA) last issued its earnings results on Monday, November 9th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The company had revenue of $143.53 million during the quarter. Via Transportation had a negative return on equity of 11.87% and a negative net margin of 15.30%. Research analysts anticipate that Via Transportation Inc. will post -0.81 earnings per share for the current year.

Via Transportation News Roundup

Investors following VIA have been watching these news items:

• Positive Sentiment: Q3 growth and an earnings beat: Via reported revenue of $143.53 million, up 31% year over year, and a loss of $0.19 per share—narrower than the $0.23 loss analysts expected. The company also highlighted expansion of its AI Labs. Via Transportation Q3 Revenue Hits $143.53 Million As AI Labs Expands
• Positive Sentiment: Analysts raised price targets: Morgan Stanley, Wells Fargo, Citizens JMP and Guggenheim lifted their targets to $48, $50, $55 and $58, respectively, while maintaining positive ratings. The upgrades may support investor optimism, although some targets are close to or below the $42.82 reference price in the provided market data. Read More., Read More., Read More. and Read More.
• Negative Sentiment: Profitability remains a concern: Via continues to report losses, and commentary cautioned that its project pipeline and transit funding have not yet translated into profitability. That leaves execution and the path to sustainable earnings as key risks. Via Transportation: Pipeline And Transit Funding Doesn’t Translate To Profitability

Via Transportation Profile

Via Transportation provides technology that helps public agencies, schools and other organizations plan and operate transportation services. Its platform supports tasks such as trip booking, route planning, vehicle dispatch, rider communications and service analysis. The company’s software is used for a range of services, including on-demand public transit, paratransit, school transportation and employee shuttles. Via also works with transportation providers to coordinate vehicles and connect riders with available services.