Via Transportation (NYSE:VIA) Shares Down 8.2% – Should You Sell?

Shares of Via Transportation Inc. (NYSE:VIA) dropped 8.2% on Wednesday . The company traded as low as $19.30 and last traded at $19.13. Approximately 37,619 shares were traded during trading, a decline of 93% from the average daily volume of 510,235 shares. The stock had previously closed at $20.85.

Wall Street Analyst Weigh In

Several equities analysts have commented on VIA shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Oppenheimer reduced their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Noble Financial lowered shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group upgraded shares of Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Via Transportation has a consensus rating of “Moderate Buy” and an average price target of $54.91.

Via Transportation Stock Performance

The company’s fifty day simple moving average is $26.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17.

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

Hedge Funds Weigh In On Via Transportation

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in Via Transportation during the 3rd quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Via Transportation in the fourth quarter worth about $34,000. Assetmark Inc. acquired a new position in shares of Via Transportation during the third quarter worth approximately $36,000. Strs Ohio bought a new stake in shares of Via Transportation during the fourth quarter valued at approximately $52,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Via Transportation in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.