Nechemia Jacob Peres Buys 25,000 Shares of Via Transportation (NYSE:VIA) Stock

Via Transportation Inc. (NYSE:VIAGet Free Report) Director Nechemia Jacob Peres acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the transaction, the director owned 30,434 shares in the company, valued at approximately $447,379.80. The trade was a 460.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Via Transportation Trading Up 2.0%

Via Transportation stock opened at $15.06 on Friday. The stock has a market cap of $1.22 billion and a P/E ratio of -16.19. The company has a fifty day simple moving average of $15.58 and a 200-day simple moving average of $20.85. Via Transportation Inc. has a 12-month low of $12.95 and a 12-month high of $56.31.

Institutional Investors Weigh In On Via Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in VIA. Bank of America Corp DE purchased a new stake in shares of Via Transportation in the third quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Via Transportation in the fourth quarter valued at about $34,000. Assetmark Inc. purchased a new stake in shares of Via Transportation in the third quarter valued at about $36,000. Essential Partners LLC purchased a new stake in shares of Via Transportation in the first quarter valued at about $40,000. Finally, Strs Ohio purchased a new stake in shares of Via Transportation in the fourth quarter valued at about $52,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Via Transportation

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $24.00 price target on shares of Via Transportation in a research report on Wednesday, May 13th. Guggenheim reduced their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $25.00 price target on shares of Via Transportation in a research report on Monday, June 1st. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.10.

View Our Latest Report on VIA

About Via Transportation

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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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