Via Transportation (NYSE:VIA) Director Nechemia Jacob Peres Purchases 10,080 Shares

Via Transportation Inc. (NYSE:VIA) Director Nechemia Jacob Peres acquired 10,080 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $24.74 per share, for a total transaction of $249,379.20. Following the purchase, the director owned 40,514 shares of the company’s stock, valued at $1,002,316.36. The trade was a 33.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nechemia Jacob Peres also recently made the following trade(s):

• On Tuesday, June 9th, Nechemia Jacob Peres acquired 25,000 shares of Via Transportation stock. The shares were purchased at an average cost of $14.70 per share, with a total value of $367,500.00.

Via Transportation Price Performance

NYSE:VIA opened at $24.98 on Thursday. The company has a market capitalization of $2.03 billion and a P/E ratio of -26.86. The business has a fifty day simple moving average of $18.12 and a two-hundred day simple moving average of $17.38. Via Transportation Inc. has a 1 year low of $12.95 and a 1 year high of $56.31.

Institutional Investors Weigh In On Via Transportation

Several large investors have recently added to or reduced their stakes in VIA. Vanguard Group Inc. purchased a new position in Via Transportation during the third quarter worth about $39,965,000. First Trust Advisors LP purchased a new stake in shares of Via Transportation in the 3rd quarter valued at about $1,047,000. Blair William & Co. IL bought a new stake in shares of Via Transportation during the 3rd quarter valued at about $764,000. WINTON GROUP Ltd bought a new stake in shares of Via Transportation during the 3rd quarter valued at about $219,000. Finally, Legal & General Group Plc purchased a new position in shares of Via Transportation during the third quarter worth about $239,000. Institutional investors own 74.40% of the company’s stock.

Analysts Set New Price Targets

VIA has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and issued a $24.00 price objective on shares of Via Transportation in a research note on Wednesday, May 13th. Wells Fargo & Company lifted their target price on shares of Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating and set a $24.00 price target on shares of Via Transportation in a research note on Tuesday, May 12th. Guggenheim reiterated a “buy” rating and issued a $50.00 price objective on shares of Via Transportation in a research note on Wednesday, June 17th. Finally, Raymond James Financial set a $19.00 target price on Via Transportation in a research report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Via Transportation has an average rating of “Moderate Buy” and a consensus price target of $37.80.

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.