Via Transportation Inc. (NYSE:VIA) Receives $37.80 Average Price Target from Brokerages

Via Transportation Inc. (NYSE:VIA) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $37.80.

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a research note on Wednesday, May 13th. Oppenheimer increased their price target on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Raymond James Financial set a $19.00 price objective on Via Transportation in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Via Transportation from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 7th.

Via Transportation Trading Up 0.3%

Shares of NYSE:VIA opened at $27.54 on Friday. The firm has a market cap of $2.24 billion and a price-to-earnings ratio of -24.16. The stock’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $17.98. Via Transportation has a 12-month low of $12.95 and a 12-month high of $56.31.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.19. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. The company had revenue of $135.71 million during the quarter. As a group, research analysts forecast that Via Transportation will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Nechemia Peres purchased 10,080 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $24.74 per share, for a total transaction of $249,379.20. Following the completion of the purchase, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Ramot acquired 3,571 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $14.00 per share, with a total value of $49,994.00. Following the completion of the acquisition, the chief executive officer owned 2,420,957 shares of the company’s stock, valued at $33,893,398. The trade was a 0.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought 41,984 shares of company stock valued at $716,668 in the last three months. Corporate insiders own 39.28% of the company’s stock.

Institutional Trading of Via Transportation

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Via Transportation during the 3rd quarter worth $39,965,000. First Trust Advisors LP bought a new position in shares of Via Transportation during the third quarter worth about $1,047,000. Blair William & Co. IL acquired a new stake in shares of Via Transportation in the 3rd quarter worth about $764,000. WINTON GROUP Ltd acquired a new position in Via Transportation during the 3rd quarter valued at about $219,000. Finally, Legal & General Group Plc bought a new position in Via Transportation in the 3rd quarter worth about $239,000. Institutional investors 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.