Via Transportation (NYSE:VIA) Sets New 12-Month Low – What’s Next?

Via Transportation Inc. (NYSE:VIA)’s stock price reached a new 52-week low on Monday . The stock traded as low as $22.58 and last traded at $22.88, with a volume of 46797 shares traded. The stock had previously closed at $23.25.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VIA shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Wells Fargo & Company began coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set an “overweight” rating and a $60.00 target price on the stock. Wolfe Research began coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating and a $60.00 price target for the company. JMP Securities started coverage on Via Transportation in a report on Tuesday, October 7th. They set a “market outperform” rating and a $59.00 price objective on the stock. Finally, Citigroup assumed coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Thirteen 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.91.

Via Transportation Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The company has a market cap of $1.81 billion and a P/E ratio of -32.42. The stock has a fifty day simple moving average of $29.30.

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

Institutional Investors Weigh In On Via Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Via Transportation during the 3rd quarter valued at approximately $29,000. Assetmark Inc. purchased a new stake in shares of Via Transportation during the third quarter valued at $36,000. PNC Financial Services Group Inc. acquired a new position in shares of Via Transportation in the 3rd quarter valued at $60,000. Strs Ohio acquired a new stake in Via Transportation during the 4th quarter worth about $52,000. Finally, WINTON GROUP Ltd purchased a new stake in Via Transportation during the 3rd quarter valued at about $219,000. 74.40% of the stock is currently owned by hedge funds and other institutional 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.