Via Transportation Inc. (NYSE:VIA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Via Transportation Inc. (NYSE:VIA) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.10.

VIA has been the topic of several research analyst reports. Raymond James Financial set a $19.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a research report on Monday, March 2nd. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $25.00 target price on shares of Via Transportation in a research report on Monday, June 1st.

Via Transportation Stock Performance

VIA opened at $15.28 on Friday. The company’s 50 day simple moving average is $15.49 and its 200 day simple moving average is $20.15. Via Transportation has a 1 year low of $12.95 and a 1 year high of $56.31. The stock has a market capitalization of $1.24 billion and a PE ratio of -16.43.

Key Stories Impacting Via Transportation

Here are the key news stories impacting Via Transportation this week:

• Negative Sentiment: Multiple law firms, including Kahn Swick & Foti, Rosen, Schall, and others, have publicized class-action claims and lead-plaintiff deadlines for investors who bought Via shares in or traceable to the IPO, keeping legal-risk concerns in focus. Article Title
• Negative Sentiment: One legal notice specifically highlights allegations that Via’s stock has fallen roughly 70% from the IPO price, reinforcing concerns that the company may face substantial litigation and reputational overhang. Article Title
• Neutral Sentiment: One market note says analysts still have an average price target of $37.10 for Via, which suggests some Wall Street firms remain constructive despite the legal headlines. Article Title

Insider Activity at Via Transportation

In related news, Director Nechemia Jacob Peres bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the transaction, the director owned 30,434 shares of the company’s stock, valued at approximately $447,379.80. The trade was a 460.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel Ramot bought 3,571 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $14.00 per share, for a total transaction of $49,994.00. Following the completion of the transaction, the chief executive officer directly owned 2,420,957 shares of the company’s stock, valued at approximately $33,893,398. The trade was a 0.15% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders purchased 31,904 shares of company stock worth $467,289 over the last three months. Corporate insiders own 39.28% of the company’s stock.

Institutional Investors Weigh In On Via Transportation

Several large investors have recently made changes to their positions in VIA. Bank of America Corp DE acquired a new position in shares of Via Transportation during the third quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation in the fourth quarter valued at about $34,000. Assetmark Inc. purchased a new stake in shares of Via Transportation during the 3rd quarter valued at about $36,000. Essential Partners LLC acquired a new position in Via Transportation during the 1st quarter worth approximately $40,000. Finally, Strs Ohio acquired a new position in Via Transportation during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.