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

Via Transportation Inc. (NYSE:VIAGet Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $37.10.

Several brokerages have recently weighed in on VIA. Morgan Stanley reiterated an “overweight” rating and set a $24.00 price target on shares of Via Transportation in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a research note on Wednesday, May 13th. Wells Fargo & Company lowered their target price on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Oppenheimer restated an “outperform” rating and set a $25.00 target price on shares of Via Transportation in a research note on Monday, June 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Via Transportation in a research note on Monday, March 2nd.

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Key Via Transportation News

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

Insider Buying and Selling at Via Transportation

In other news, Director Nechemia Jacob Peres bought 25,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $14.70 per share, for a total transaction of $367,500.00. Following the purchase, the director owned 30,434 shares in the company, valued at $447,379.80. This represents a 460.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 39.28% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VIA. Bank of America Corp DE purchased a new position in shares of Via Transportation during the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Via Transportation during the 4th quarter valued at $34,000. Assetmark Inc. purchased a new position in shares of Via Transportation during the 3rd quarter valued at $36,000. Essential Partners LLC purchased a new position in shares of Via Transportation during the 1st quarter valued at $40,000. Finally, Strs Ohio purchased a new position in shares of Via Transportation during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Price Performance

Shares of Via Transportation stock opened at $15.06 on Friday. The company’s fifty day simple moving average is $15.58 and its 200-day simple moving average is $20.85. The stock has a market capitalization of $1.22 billion and a PE ratio of -16.19. Via Transportation has a 1-year low of $12.95 and a 1-year high of $56.31.

Via Transportation Company Profile

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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.

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Analyst Recommendations for Via Transportation (NYSE:VIA)

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