Via Transportation (NYSE:VIA) Sets New 1-Year Low – Should You Sell?

Via Transportation Inc. (NYSE:VIA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $19.48 and last traded at $19.90, with a volume of 98631 shares trading hands. The stock had previously closed at $20.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer decreased their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 20th. Noble Financial cut shares of Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Thirteen 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.91.

Via Transportation Trading Down 1.8%

The company has a market capitalization of $1.64 billion and a P/E ratio of -29.28. The firm’s 50 day moving average price is $27.87. 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 issued 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 business had revenue of $109.65 million for the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Trading of Via Transportation

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in Via Transportation in the third quarter valued at approximately $93,662,000. Koch Inc. bought a new position in Via Transportation during the 3rd quarter worth about $81,747,000. Capital Research Global Investors bought a new position in Via Transportation during the 3rd quarter worth about $40,536,000. Vanguard Group Inc. bought a new stake in shares of Via Transportation in the third quarter valued at about $39,965,000. Finally, Capital International Investors bought a new position in shares of Via Transportation during the third quarter worth about $26,444,000. 74.40% of the stock is owned by institutional investors.

About Via Transportation

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.