Stephens Investment Management Group LLC Makes New Investment in Via Transportation Inc. $VIA

Stephens Investment Management Group LLC bought a new stake in shares of Via Transportation Inc. (NYSE:VIA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 99,565 shares of the company’s stock, valued at approximately $4,787,000. Stephens Investment Management Group LLC owned 0.13% of Via Transportation as of its most recent SEC filing.

Analysts Set New Price Targets

Several brokerages recently issued reports on VIA. Guggenheim assumed coverage on Via Transportation in a research note on Tuesday, October 7th. They issued a “buy” rating and a $58.00 price objective for the company. Noble Financial cut shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Raymond James Financial set a $55.00 price objective on Via Transportation and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Oppenheimer set a $59.00 price target on Via Transportation and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley initiated coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “equal weight” rating and a $53.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Via Transportation has an average rating of “Moderate Buy” and an average target price of $56.64.

Via Transportation Trading Down 2.7%

NYSE VIA opened at $23.02 on Friday. Via Transportation Inc. has a 1-year low of $22.65 and a 1-year high of $56.31. The firm has a market capitalization of $1.86 billion and a P/E ratio of -33.36. The firm’s 50 day moving average is $32.74. The company has a quick ratio of 5.17, a current ratio of 5.17 and a debt-to-equity ratio of 0.04.

Via Transportation (NYSE:VIA) last posted its earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The company had revenue of $109.65 million during the quarter, compared to analyst estimates of $106.42 million.

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.