Ghisallo Capital Management LLC Purchases New Position in Via Transportation Inc. $VIA

Ghisallo Capital Management LLC acquired a new stake in Via Transportation Inc. (NYSE:VIA) in the 3rd quarter, Holdings Channel reports. The fund acquired 100,000 shares of the company’s stock, valued at approximately $4,808,000.

Other hedge funds also recently made changes to their positions in the company. Koch Inc. purchased a new stake in shares of Via Transportation in the 3rd quarter valued at about $81,747,000. Principal Financial Group Inc. purchased a new position in Via Transportation during the 3rd quarter worth approximately $14,394,000. Stephens Investment Management Group LLC purchased a new position in Via Transportation during the 3rd quarter worth approximately $4,787,000. Federated Hermes Inc. acquired a new position in Via Transportation during the third quarter worth approximately $9,616,000. Finally, Monashee Investment Management LLC acquired a new position in Via Transportation during the third quarter worth approximately $3,366,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Stock Down 7.1%

VIA opened at $16.66 on Friday. Via Transportation Inc. has a 12 month low of $15.48 and a 12 month high of $56.31. The firm has a market cap of $1.35 billion and a PE ratio of -24.15. The company has a 50 day simple moving average of $21.20.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on VIA. Guggenheim decreased their price objective on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Noble Financial cut shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd. Oppenheimer decreased their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $28.00 price objective on shares of Via Transportation in a research report on Monday, March 2nd. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

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.