Via Transportation Inc. (NYSE:VIA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Via Transportation Inc. (NYSE:VIA) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.9091.

VIA has been the topic of a number of analyst reports. Morgan Stanley raised Via Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 20th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Oppenheimer lowered their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group raised shares of Via Transportation from a “neutral” rating to a “buy” rating in a report on Tuesday, January 13th.

Via Transportation Stock Up 2.3%

Via Transportation stock opened at $20.56 on Monday. The stock has a fifty day simple moving average of $27.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17. Via Transportation has a twelve month low of $19.49 and a twelve month high of $56.31. The company has a market capitalization of $1.67 billion and a P/E ratio of -29.80.

Via Transportation (NYSE:VIA) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The firm had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Via Transportation by 75.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after purchasing an additional 944 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Via Transportation by 135.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 234,211 shares of the company’s stock valued at $6,794,000 after buying an additional 134,646 shares during the period. Strs Ohio bought a new position in shares of Via Transportation during the fourth quarter valued at approximately $52,000. UBS Group AG raised its holdings in shares of Via Transportation by 104.2% during the fourth quarter. UBS Group AG now owns 110,200 shares of the company’s stock valued at $3,197,000 after acquiring an additional 56,225 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in Via Transportation in the fourth quarter worth $493,000. Hedge funds and other 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.