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

Via Transportation Inc. (NYSE:VIA) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $56.6364.

VIA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Via Transportation and gave the company a “buy” rating in a research note on Tuesday, October 7th. Raymond James Financial set a $55.00 price target on shares of Via Transportation and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research upgraded shares of Via Transportation to a “hold” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Via Transportation to a “hold” rating in a research report on Wednesday, September 24th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Via Transportation in a report on Tuesday, December 16th.

Via Transportation Price Performance

Shares of VIA opened at $30.41 on Friday. The company’s 50 day moving average price is $40.02. Via Transportation has a one year low of $28.23 and a one year high of $56.31.

Via Transportation (NYSE:VIA) last issued its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The business had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Trading of Via Transportation

A number of hedge funds have recently made changes to their positions in VIA. Caisse de depot et placement du Quebec bought a new position in shares of Via Transportation during the third quarter valued at $873,000. Freestone Grove Partners LP bought a new position in Via Transportation during the 3rd quarter worth $10,337,000. Burkehill Global Management LP acquired a new position in Via Transportation during the 3rd quarter worth about $7,212,000. Man Group plc bought a new stake in shares of Via Transportation in the 3rd quarter valued at about $241,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Via Transportation in the third quarter valued at about $481,000. 74.40% of the stock is owned by institutional investors and hedge funds.

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.