Via Transportation (NYSE:VIA) CEO Purchases $49,994.00 in Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot purchased 3,571 shares of Via Transportation stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $49,994.00. Following the transaction, the chief executive officer directly owned 2,420,957 shares of the company’s stock, valued at approximately $33,893,398. This represents a 0.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Ramot also recently made the following trade(s):

• On Friday, June 12th, Daniel Ramot purchased 3,333 shares of Via Transportation stock. The shares were acquired at an average cost of $14.94 per share, for a total transaction of $49,795.02.

Via Transportation Stock Performance

Shares of VIA traded down $0.76 during mid-day trading on Tuesday, hitting $14.22. 1,052,823 shares of the company’s stock were exchanged, compared to its average volume of 721,946. The company has a market cap of $1.16 billion and a price-to-earnings ratio of -15.29. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $56.31. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $20.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VIA. Oppenheimer reissued an “outperform” rating and set a $25.00 price target on shares of Via Transportation in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a research report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a report on Wednesday, May 13th. Finally, Wells Fargo & Company reduced their target price on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Via Transportation currently has a consensus rating of “Moderate Buy” and an average target price of $37.10.

Institutional Trading of Via Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its holdings in Via Transportation by 153.9% during the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after purchasing an additional 1,297,114 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Via Transportation in the 3rd quarter valued at $93,662,000. Koch Inc. acquired a new position in shares of Via Transportation in the 3rd quarter valued at $81,747,000. Principal Financial Group Inc. increased its holdings in shares of Via Transportation by 39.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after acquiring an additional 308,283 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Via Transportation by 41.9% in the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after acquiring an additional 252,381 shares during the period. Institutional investors and hedge funds own 74.40% of the company’s stock.

More Via Transportation News

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

• Neutral Sentiment: Via Transportation inked a 55,000-square-foot lease at 2 Park Avenue, a sign of continued operational growth, but the news is not material enough to outweigh the legal overhang. Tech Firm Via Transportation Inks 55K SF at Haddad Brands’ 2 Park Avenue
• Negative Sentiment: Several firms announced or reiterated a class action lawsuit tied to Via’s IPO, increasing investor concern about alleged misstatements in offering documents. Investor Alert: Pomerantz Law Firm Reminds Investors…
• Negative Sentiment: Law-firm notices highlighted a deadline for investors to seek lead-plaintiff status in the securities case, keeping the litigation in focus and reinforcing the stock’s legal overhang. Via Transportation, Inc. Securities Class Action Result…
• Negative Sentiment: Additional class-action reminders from Rosen, Glancy, Schall, Robbins Geller, The Gross Law Firm, and others suggest broad legal scrutiny of Via’s IPO disclosures. ROSEN…Encourages Via Transportation, Inc. Investors…

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.