Via Transportation (NYSE:VIA) Shares Up 5.6% – What’s Next?

Via Transportation Inc. (NYSE:VIA) rose 5.6% on Thursday . The company traded as high as $14.69 and last traded at $14.3550. Approximately 108,376 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 751,092 shares. The stock had previously closed at $13.59.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VIA. Noble Financial cut Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of Via Transportation in a report on Monday, March 2nd. Guggenheim reduced their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Finally, Oppenheimer dropped their price objective on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Via Transportation currently has an average rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Price Performance

The company has a market cap of $1.16 billion and a P/E ratio of -20.70. The business’s 50 day simple moving average is $19.24.

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

Hedge Funds Weigh In On Via Transportation

Several hedge funds and other institutional investors have recently made changes to their positions in VIA. Caitong International Asset Management Co. Ltd bought a new position in Via Transportation in the 4th quarter worth approximately $49,000. XTX Topco Ltd bought a new stake in Via Transportation during the 4th quarter valued at $1,139,000. Claar Advisors LLC boosted its position in Via Transportation by 25.3% during the 4th quarter. Claar Advisors LLC now owns 50,130 shares of the company’s stock worth $1,454,000 after acquiring an additional 10,130 shares during the period. Common Fund For Nonprofit Organizations bought a new position in shares of Via Transportation in the fourth quarter worth $1,910,000. Finally, Bamco Inc. NY grew its stake in shares of Via Transportation by 55.8% in the fourth quarter. Bamco Inc. NY now owns 519,380 shares of the company’s stock worth $15,067,000 after purchasing an additional 185,996 shares in the last quarter. 74.40% of the stock is currently owned by institutional investors and hedge funds.

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.