Inspire Investing LLC Buys New Position in Via Transportation Inc. $VIA

Inspire Investing LLC purchased a new position in Via Transportation Inc. (NYSE:VIA) during the 1st quarter, HoldingsChannel reports. The firm purchased 34,898 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VIA. SG Americas Securities LLC bought a new stake in shares of Via Transportation in the 1st quarter worth approximately $202,000. Caitong International Asset Management Co. Ltd bought a new stake in Via Transportation during the fourth quarter worth approximately $49,000. XTX Topco Ltd bought a new stake in Via Transportation during the fourth quarter worth approximately $1,139,000. Claar Advisors LLC grew its position in Via Transportation by 25.3% in the fourth quarter. Claar Advisors LLC now owns 50,130 shares of the company’s stock worth $1,454,000 after buying an additional 10,130 shares during the last quarter. Finally, Common Fund For Nonprofit Organizations acquired a new position in Via Transportation in the fourth quarter worth approximately $1,910,000. 74.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIA has been the subject of a number of recent research reports. Raymond James Financial set a $19.00 price objective on Via Transportation in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $24.00 target price on shares of Via Transportation in a report on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company dropped their price target on Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Twelve equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.10.

Insiders Place Their Bets

In other Via Transportation news, CEO Daniel Ramot bought 3,571 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $14.00 per share, with a total value of $49,994.00. Following the completion of the transaction, the chief executive officer directly owned 2,420,957 shares in the company, valued at approximately $33,893,398. This represents a 0.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres purchased 25,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $14.70 per share, for a total transaction of $367,500.00. Following the acquisition, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. This represents a 460.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 31,904 shares of company stock valued at $467,289 in the last 90 days. Corporate insiders own 39.28% of the company’s stock.

Via Transportation Stock Performance

Via Transportation stock opened at $19.32 on Friday. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31. The firm has a market capitalization of $1.57 billion and a price-to-earnings ratio of -20.78. The company has a 50 day moving average price of $15.58 and a 200 day moving average price of $19.09.

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.